This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $121k initial cash invested.
-17.68%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$2,814
Rent
-$1,790
Cashflow
Cash Flow
$2,814 income − $4,604 expenses = $1,790 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%
$5,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,814
Total Expenses
$4,604
Mortgage P&I
114%
$3,207
Property Taxes
16%
$459
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0