This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $119k initial cash invested.
-16.46%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$2,626
Rent
-$1,639
Cashflow
Cash Flow
$2,626 income − $4,265 expenses = $1,639 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$4,265
Mortgage P&I
118%
$3,110
Property Taxes
10%
$273
Home Insurance
8%
$199
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0