This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $119k initial cash invested.
-14.42%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$3,274
Rent
-$1,428
Cashflow
Cash Flow
$3,274 income − $4,702 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,659
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,274
Total Expenses
$4,702
Mortgage P&I
92%
$3,018
Property Taxes
18%
$573
Home Insurance
6%
$206
HOA
2%
$54
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0