This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $117k initial cash invested.
-14.11%
Cash On Cash
3.72%
Cap Rate
0.59
DSCR
$3,119
Rent
-$1,381
Cashflow
Cash Flow
$3,119 income − $4,500 expenses = $1,381 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,119
Total Expenses
$4,500
Mortgage P&I
95%
$2,957
Property Taxes
17%
$536
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0