This property looks like a bad Long-Term investment with a projected -16.87% first-year return on $119k initial cash invested.
-16.87%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$3,437
Rent
-$1,678
Cashflow
Cash Flow
$3,437 income − $5,115 expenses = $1,678 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,437
Total Expenses
$5,115
Mortgage P&I
89%
$3,059
Property Taxes
19%
$640
Home Insurance
6%
$200
HOA
9%
$322
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0