This property looks like a bad Long-Term investment with a projected -16.56% first-year return on $119k initial cash invested.
-16.56%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$3,325
Rent
-$1,639
Cashflow
Cash Flow
$3,325 income − $4,964 expenses = $1,639 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,656
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,325
Total Expenses
$4,964
Mortgage P&I
90%
$3,002
Property Taxes
17%
$556
Home Insurance
6%
$206
HOA
10%
$336
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0