This property looks like a bad Long-Term investment with a projected -16.5% first-year return on $121k initial cash invested.
-16.5%
Cash On Cash
2.89%
Cap Rate
0.48
DSCR
$2,732
Rent
-$1,670
Cashflow
Cash Flow
$2,732 income − $4,402 expenses = $1,670 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,732
Total Expenses
$4,402
Mortgage P&I
107%
$2,928
Property Taxes
20%
$545
Home Insurance
8%
$210
HOA
0%
$8
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0