This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $121k initial cash invested.
-14.1%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$3,411
Rent
-$1,421
Cashflow
Cash Flow
$3,411 income − $4,832 expenses = $1,421 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,760
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,411
Total Expenses
$4,832
Mortgage P&I
93%
$3,185
Property Taxes
16%
$556
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0