This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $118k initial cash invested.
-10.69%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$3,541
Rent
-$1,048
Cashflow
Cash Flow
$3,541 income − $4,589 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,603
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,541
Total Expenses
$4,589
Mortgage P&I
85%
$2,997
Property Taxes
13%
$448
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0