This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $118k initial cash invested.
-17.68%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$3,013
Rent
-$1,745
Cashflow
Cash Flow
$3,013 income − $4,758 expenses = $1,745 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,013
Total Expenses
$4,758
Mortgage P&I
100%
$3,010
Property Taxes
25%
$765
Home Insurance
7%
$199
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0