This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $119k initial cash invested.
-16.9%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$3,222
Rent
-$1,669
Cashflow
Cash Flow
$3,222 income − $4,891 expenses = $1,669 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,222
Total Expenses
$4,891
Mortgage P&I
93%
$3,002
Property Taxes
26%
$837
Home Insurance
6%
$198
HOA
1%
$17
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0