This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $118k initial cash invested.
-13.18%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$3,096
Rent
-$1,296
Cashflow
Cash Flow
$3,096 income − $4,392 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,096
Total Expenses
$4,392
Mortgage P&I
97%
$3,017
Property Taxes
12%
$371
Home Insurance
6%
$198
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0