This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $118k initial cash invested.
-14.69%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$3,120
Rent
-$1,439
Cashflow
Cash Flow
$3,120 income − $4,559 expenses = $1,439 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%
$5,596
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,120
Total Expenses
$4,559
Mortgage P&I
97%
$3,029
Property Taxes
17%
$523
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0