This property looks like a bad Long-Term investment with a projected -2.13% first-year return on $118k initial cash invested.
-2.13%
Cash On Cash
6.39%
Cap Rate
1.01
DSCR
$4,719
Rent
-$210
Cashflow
Cash Flow
$4,719 income − $4,929 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,719
Total Expenses
$4,929
Mortgage P&I
63%
$2,973
Property Taxes
11%
$526
Home Insurance
4%
$203
HOA
0%
$0
Property Management
10%
$472
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0