This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $118k initial cash invested.
-14.94%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$3,178
Rent
-$1,472
Cashflow
Cash Flow
$3,178 income − $4,650 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,629
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,178
Total Expenses
$4,650
Mortgage P&I
98%
$3,103
Property Taxes
16%
$515
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0