This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $118k initial cash invested.
-12.89%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$3,024
Rent
-$1,263
Cashflow
Cash Flow
$3,024 income − $4,287 expenses = $1,263 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,024
Total Expenses
$4,287
Mortgage P&I
100%
$3,012
Property Taxes
6%
$174
Home Insurance
6%
$196
HOA
4%
$120
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0