This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $119k initial cash invested.
-12.23%
Cash On Cash
3.87%
Cap Rate
0.64
DSCR
$3,555
Rent
-$1,214
Cashflow
Cash Flow
$3,555 income − $4,769 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,674
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,555
Total Expenses
$4,769
Mortgage P&I
81%
$2,864
Property Taxes
21%
$761
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0