This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $117k initial cash invested.
-10.89%
Cash On Cash
4.2%
Cap Rate
0.69
DSCR
$3,837
Rent
-$1,060
Cashflow
Cash Flow
$3,837 income − $4,897 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$111k
Closing costs
1%
$5,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,837
Total Expenses
$4,897
Mortgage P&I
73%
$2,815
Property Taxes
24%
$902
Home Insurance
5%
$182
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0