This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $118k initial cash invested.
-11.9%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$3,990
Rent
-$1,166
Cashflow
Cash Flow
$3,990 income − $5,156 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,990
Total Expenses
$5,156
Mortgage P&I
74%
$2,971
Property Taxes
15%
$592
Home Insurance
6%
$238
HOA
8%
$317
Property Management
10%
$399
CapEx
5%
$200
Vacancy
6%
$239
Maintenance
5%
$200
Other
0%
$0