This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $117k initial cash invested.
-15.6%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$3,058
Rent
-$1,525
Cashflow
Cash Flow
$3,058 income − $4,583 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,058
Total Expenses
$4,583
Mortgage P&I
100%
$3,071
Property Taxes
16%
$483
Home Insurance
6%
$192
HOA
1%
$42
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0