This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $117k initial cash invested.
-15.78%
Cash On Cash
3.11%
Cap Rate
0.51
DSCR
$3,180
Rent
-$1,543
Cashflow
Cash Flow
$3,180 income − $4,723 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,587
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,180
Total Expenses
$4,723
Mortgage P&I
89%
$2,830
Property Taxes
26%
$814
Home Insurance
6%
$202
HOA
2%
$50
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0