This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $119k initial cash invested.
-14.45%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$3,176
Rent
-$1,431
Cashflow
Cash Flow
$3,176 income − $4,607 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,658
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,176
Total Expenses
$4,607
Mortgage P&I
96%
$3,049
Property Taxes
17%
$528
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0