This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $118k initial cash invested.
-14.08%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$3,610
Rent
-$1,384
Cashflow
Cash Flow
$3,610 income − $4,994 expenses = $1,384 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,615
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,610
Total Expenses
$4,994
Mortgage P&I
81%
$2,908
Property Taxes
24%
$867
Home Insurance
6%
$200
HOA
2%
$81
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$217
Maintenance
5%
$180
Other
0%
$0