This property looks like a bad Long-Term investment with a projected -10.56% first-year return on $119k initial cash invested.
-10.56%
Cash On Cash
4.25%
Cap Rate
0.7
DSCR
$3,354
Rent
-$1,044
Cashflow
Cash Flow
$3,354 income − $4,398 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,354
Total Expenses
$4,398
Mortgage P&I
86%
$2,875
Property Taxes
14%
$453
Home Insurance
6%
$198
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0