This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $119k initial cash invested.
-17.09%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$3,052
Rent
-$1,699
Cashflow
Cash Flow
$3,052 income − $4,751 expenses = $1,699 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,052
Total Expenses
$4,751
Mortgage P&I
98%
$2,978
Property Taxes
25%
$760
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0