This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $119k initial cash invested.
-13.19%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$2,996
Rent
-$1,304
Cashflow
Cash Flow
$2,996 income − $4,300 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$4,300
Mortgage P&I
101%
$3,013
Property Taxes
10%
$304
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0