This property looks like a bad Long-Term investment with a projected -15.43% first-year return on $121k initial cash invested.
-15.43%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$3,072
Rent
-$1,561
Cashflow
Cash Flow
$3,072 income − $4,633 expenses = $1,561 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,072
Total Expenses
$4,633
Mortgage P&I
101%
$3,100
Property Taxes
17%
$524
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0