This property looks like a bad Long-Term investment with a projected -18.81% first-year return on $119k initial cash invested.
-18.81%
Cash On Cash
2.64%
Cap Rate
0.42
DSCR
$2,555
Rent
-$1,867
Cashflow
Cash Flow
$2,555 income − $4,422 expenses = $1,867 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,555
Total Expenses
$4,422
Mortgage P&I
117%
$2,987
Property Taxes
22%
$569
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0