This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $119k initial cash invested.
-11.69%
Cash On Cash
3.91%
Cap Rate
0.65
DSCR
$3,090
Rent
-$1,157
Cashflow
Cash Flow
$3,090 income − $4,247 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,657
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,090
Total Expenses
$4,247
Mortgage P&I
92%
$2,848
Property Taxes
11%
$351
Home Insurance
6%
$200
HOA
1%
$46
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0