This property looks like a bad Long-Term investment with a projected -11.28% first-year return on $118k initial cash invested.
-11.28%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$4,036
Rent
-$1,109
Cashflow
Cash Flow
$4,036 income − $5,145 expenses = $1,109 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,036
Total Expenses
$5,145
Mortgage P&I
71%
$2,856
Property Taxes
24%
$969
Home Insurance
5%
$203
HOA
2%
$67
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0