This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $117k initial cash invested.
-12.97%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$3,403
Rent
-$1,270
Cashflow
Cash Flow
$3,403 income − $4,673 expenses = $1,270 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%
$5,594
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,403
Total Expenses
$4,673
Mortgage P&I
90%
$3,070
Property Taxes
15%
$527
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0