This property looks like a bad Long-Term investment with a projected -17.67% first-year return on $121k initial cash invested.
-17.67%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$2,642
Rent
-$1,775
Cashflow
Cash Flow
$2,642 income − $4,417 expenses = $1,775 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,642
Total Expenses
$4,417
Mortgage P&I
117%
$3,085
Property Taxes
16%
$430
Home Insurance
8%
$203
HOA
0%
$12
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0