This property looks like a bad Long-Term investment with a projected -21.49% first-year return on $121k initial cash invested.
-21.49%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$2,393
Rent
-$2,172
Cashflow
Cash Flow
$2,393 income − $4,565 expenses = $2,172 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,393
Total Expenses
$4,565
Mortgage P&I
131%
$3,139
Property Taxes
26%
$614
Home Insurance
8%
$189
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0