This property looks like a bad Long-Term investment with a projected -20.17% first-year return on $121k initial cash invested.
-20.17%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$2,448
Rent
-$2,032
Cashflow
Cash Flow
$2,448 income − $4,480 expenses = $2,032 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,756
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,448
Total Expenses
$4,480
Mortgage P&I
125%
$3,051
Property Taxes
24%
$593
Home Insurance
8%
$200
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0