This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $121k initial cash invested.
-9.94%
Cash On Cash
4.58%
Cap Rate
0.73
DSCR
$3,733
Rent
-$1,005
Cashflow
Cash Flow
$3,733 income − $4,738 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,733
Total Expenses
$4,738
Mortgage P&I
81%
$3,025
Property Taxes
14%
$540
Home Insurance
5%
$202
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0