This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $119k initial cash invested.
-16.23%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$3,112
Rent
-$1,605
Cashflow
Cash Flow
$3,112 income − $4,717 expenses = $1,605 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%
$5,651
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,112
Total Expenses
$4,717
Mortgage P&I
93%
$2,888
Property Taxes
27%
$827
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0