This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $118k initial cash invested.
-16.89%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$2,999
Rent
-$1,657
Cashflow
Cash Flow
$2,999 income − $4,656 expenses = $1,657 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,999
Total Expenses
$4,656
Mortgage P&I
100%
$3,012
Property Taxes
22%
$666
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0