This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $121k initial cash invested.
-16.39%
Cash On Cash
3.47%
Cap Rate
0.52
DSCR
$2,588
Rent
-$1,656
Cashflow
Cash Flow
$2,588 income − $4,244 expenses = $1,656 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,775
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,588
Total Expenses
$4,244
Mortgage P&I
123%
$3,195
Property Taxes
6%
$167
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0