This property looks like a bad Long-Term investment with a projected -22.71% first-year return on $118k initial cash invested.
-22.71%
Cash On Cash
1.47%
Cap Rate
0.24
DSCR
$1,414
Rent
-$2,241
Cashflow
Cash Flow
$1,414 income − $3,655 expenses = $2,241 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,414
Total Expenses
$3,655
Mortgage P&I
202%
$2,860
Property Taxes
16%
$230
Home Insurance
14%
$197
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0