This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $121k initial cash invested.
-14.16%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$3,361
Rent
-$1,423
Cashflow
Cash Flow
$3,361 income − $4,784 expenses = $1,423 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,361
Total Expenses
$4,784
Mortgage P&I
93%
$3,116
Property Taxes
18%
$593
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0