This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $118k initial cash invested.
-12.59%
Cash On Cash
3.82%
Cap Rate
0.63
DSCR
$3,741
Rent
-$1,235
Cashflow
Cash Flow
$3,741 income − $4,976 expenses = $1,235 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,741
Total Expenses
$4,976
Mortgage P&I
76%
$2,835
Property Taxes
16%
$582
Home Insurance
5%
$192
HOA
11%
$395
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0