This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $119k initial cash invested.
-14.69%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$3,021
Rent
-$1,463
Cashflow
Cash Flow
$3,021 income − $4,484 expenses = $1,463 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,021
Total Expenses
$4,484
Mortgage P&I
103%
$3,126
Property Taxes
12%
$374
Home Insurance
7%
$199
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0