This property looks like a bad Long-Term investment with a projected -18.34% first-year return on $119k initial cash invested.
-18.34%
Cash On Cash
2.71%
Cap Rate
0.43
DSCR
$2,466
Rent
-$1,824
Cashflow
Cash Flow
$2,466 income − $4,290 expenses = $1,824 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,466
Total Expenses
$4,290
Mortgage P&I
121%
$2,982
Property Taxes
18%
$448
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0