This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $119k initial cash invested.
-13.99%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$3,525
Rent
-$1,392
Cashflow
Cash Flow
$3,525 income − $4,917 expenses = $1,392 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,525
Total Expenses
$4,917
Mortgage P&I
90%
$3,183
Property Taxes
18%
$618
Home Insurance
6%
$200
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0