This property looks like a bad Long-Term investment with a projected -16.24% first-year return on $121k initial cash invested.
-16.24%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$3,047
Rent
-$1,632
Cashflow
Cash Flow
$3,047 income − $4,679 expenses = $1,632 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%
$5,741
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,047
Total Expenses
$4,679
Mortgage P&I
102%
$3,094
Property Taxes
19%
$585
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0