This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $119k initial cash invested.
-13.57%
Cash On Cash
3.89%
Cap Rate
0.62
DSCR
$4,077
Rent
-$1,347
Cashflow
Cash Flow
$4,077 income − $5,424 expenses = $1,347 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,077
Total Expenses
$5,424
Mortgage P&I
73%
$2,981
Property Taxes
12%
$470
Home Insurance
5%
$205
HOA
17%
$707
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0