This property looks like a bad Long-Term investment with a projected -18.65% first-year return on $118k initial cash invested.
-18.65%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,321
Rent
-$1,829
Cashflow
Cash Flow
$2,321 income − $4,150 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,321
Total Expenses
$4,150
Mortgage P&I
132%
$3,059
Property Taxes
12%
$285
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0