This property looks like a bad Long-Term investment with a projected -5.36% first-year return on $119k initial cash invested.
-5.36%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$4,479
Rent
-$530
Cashflow
Cash Flow
$4,479 income − $5,009 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,479
Total Expenses
$5,009
Mortgage P&I
69%
$3,087
Property Taxes
12%
$559
Home Insurance
4%
$198
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0