This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $122k initial cash invested.
-15.58%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$4,123
Rent
-$1,579
Cashflow
Cash Flow
$4,123 income − $5,702 expenses = $1,579 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,123
Total Expenses
$5,702
Mortgage P&I
76%
$3,129
Property Taxes
32%
$1,299
Home Insurance
5%
$203
HOA
0%
$0
Property Management
10%
$412
CapEx
5%
$206
Vacancy
6%
$247
Maintenance
5%
$206
Other
0%
$0