This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $119k initial cash invested.
-16.05%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$3,103
Rent
-$1,591
Cashflow
Cash Flow
$3,103 income − $4,694 expenses = $1,591 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,666
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,103
Total Expenses
$4,694
Mortgage P&I
101%
$3,119
Property Taxes
18%
$566
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0