This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $118k initial cash invested.
-13.91%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$3,447
Rent
-$1,369
Cashflow
Cash Flow
$3,447 income − $4,816 expenses = $1,369 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,447
Total Expenses
$4,816
Mortgage P&I
84%
$2,912
Property Taxes
23%
$808
Home Insurance
6%
$200
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0