This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $117k initial cash invested.
-11.4%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$3,759
Rent
-$1,114
Cashflow
Cash Flow
$3,759 income − $4,873 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,584
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,759
Total Expenses
$4,873
Mortgage P&I
80%
$3,020
Property Taxes
17%
$655
Home Insurance
5%
$201
HOA
1%
$19
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0