This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $118k initial cash invested.
-13.16%
Cash On Cash
3.85%
Cap Rate
0.61
DSCR
$3,048
Rent
-$1,290
Cashflow
Cash Flow
$3,048 income − $4,338 expenses = $1,290 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,048
Total Expenses
$4,338
Mortgage P&I
96%
$2,936
Property Taxes
13%
$410
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0