This property looks like a bad Long-Term investment with a projected -10.56% first-year return on $117k initial cash invested.
-10.56%
Cash On Cash
4.2%
Cap Rate
0.69
DSCR
$3,140
Rent
-$1,033
Cashflow
Cash Flow
$3,140 income − $4,173 expenses = $1,033 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$112k
Closing costs
1%
$5,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,140
Total Expenses
$4,173
Mortgage P&I
90%
$2,835
Property Taxes
10%
$323
Home Insurance
6%
$199
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0