This property looks like a bad Long-Term investment with a projected -18.85% first-year return on $121k initial cash invested.
-18.85%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,353
Rent
-$1,904
Cashflow
Cash Flow
$2,353 income − $4,257 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$4,257
Mortgage P&I
136%
$3,189
Property Taxes
10%
$246
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0