This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $118k initial cash invested.
-13.88%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$3,148
Rent
-$1,364
Cashflow
Cash Flow
$3,148 income − $4,512 expenses = $1,364 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%
$5,614
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,148
Total Expenses
$4,512
Mortgage P&I
98%
$3,095
Property Taxes
13%
$403
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0