This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $118k initial cash invested.
-11.66%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$3,129
Rent
-$1,143
Cashflow
Cash Flow
$3,129 income − $4,272 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,129
Total Expenses
$4,272
Mortgage P&I
97%
$3,032
Property Taxes
7%
$229
Home Insurance
6%
$198
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0