This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $119k initial cash invested.
-10.55%
Cash On Cash
4.59%
Cap Rate
0.73
DSCR
$4,714
Rent
-$1,047
Cashflow
Cash Flow
$4,714 income − $5,761 expenses = $1,047 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,672
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,714
Total Expenses
$5,761
Mortgage P&I
63%
$2,981
Property Taxes
9%
$407
Home Insurance
4%
$208
HOA
20%
$939
Property Management
10%
$471
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0