This property looks like a bad Long-Term investment with a projected -17.27% first-year return on $119k initial cash invested.
-17.27%
Cash On Cash
3.04%
Cap Rate
0.48
DSCR
$2,995
Rent
-$1,720
Cashflow
Cash Flow
$2,995 income − $4,715 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,995
Total Expenses
$4,715
Mortgage P&I
101%
$3,011
Property Taxes
24%
$725
Home Insurance
7%
$199
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0