This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $119k initial cash invested.
-13.67%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$3,408
Rent
-$1,355
Cashflow
Cash Flow
$3,408 income − $4,763 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,665
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,408
Total Expenses
$4,763
Mortgage P&I
91%
$3,092
Property Taxes
17%
$594
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0