This property looks like a bad Long-Term investment with a projected -18.6% first-year return on $122k initial cash invested.
-18.6%
Cash On Cash
2.86%
Cap Rate
0.44
DSCR
$3,109
Rent
-$1,885
Cashflow
Cash Flow
$3,109 income − $4,994 expenses = $1,885 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,109
Total Expenses
$4,994
Mortgage P&I
100%
$3,111
Property Taxes
28%
$872
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$187
Maintenance
5%
$155
Other
0%
$0