This property looks like a bad Long-Term investment with a projected -21.25% first-year return on $121k initial cash invested.
-21.25%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$2,670
Rent
-$2,149
Cashflow
Cash Flow
$2,670 income − $4,819 expenses = $2,149 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,779
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,670
Total Expenses
$4,819
Mortgage P&I
111%
$2,963
Property Taxes
34%
$916
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0