This property looks like a bad Long-Term investment with a projected -13.38% first-year return on $119k initial cash invested.
-13.38%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$3,772
Rent
-$1,328
Cashflow
Cash Flow
$3,772 income − $5,100 expenses = $1,328 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,772
Total Expenses
$5,100
Mortgage P&I
83%
$3,145
Property Taxes
21%
$778
Home Insurance
5%
$196
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$189
Vacancy
6%
$226
Maintenance
5%
$189
Other
0%
$0