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
2.88%
Cap Rate
0.45
DSCR
$2,428
Rent
-$1,813
Cashflow
Cash Flow
$2,428 income − $4,241 expenses = $1,813 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,428
Total Expenses
$4,241
Mortgage P&I
126%
$3,050
Property Taxes
15%
$362
Home Insurance
8%
$198
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0