This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $121k initial cash invested.
-16.89%
Cash On Cash
3.1%
Cap Rate
0.49
DSCR
$2,902
Rent
-$1,697
Cashflow
Cash Flow
$2,902 income − $4,599 expenses = $1,697 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,902
Total Expenses
$4,599
Mortgage P&I
105%
$3,036
Property Taxes
21%
$606
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0