This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $119k initial cash invested.
-13.52%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$3,548
Rent
-$1,337
Cashflow
Cash Flow
$3,548 income − $4,885 expenses = $1,337 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,548
Total Expenses
$4,885
Mortgage P&I
86%
$3,060
Property Taxes
20%
$703
Home Insurance
6%
$200
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0