This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $119k initial cash invested.
-16.46%
Cash On Cash
3.63%
Cap Rate
0.54
DSCR
$3,393
Rent
-$1,633
Cashflow
Cash Flow
$3,393 income − $5,026 expenses = $1,633 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,393
Total Expenses
$5,026
Mortgage P&I
94%
$3,176
Property Taxes
22%
$762
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0