This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $118k initial cash invested.
-10.68%
Cash On Cash
4.35%
Cap Rate
0.7
DSCR
$3,480
Rent
-$1,046
Cashflow
Cash Flow
$3,480 income − $4,526 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,596
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,480
Total Expenses
$4,526
Mortgage P&I
83%
$2,901
Property Taxes
15%
$524
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0