This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $122k initial cash invested.
-15.72%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,607
Rent
-$1,593
Cashflow
Cash Flow
$2,607 income − $4,200 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,607
Total Expenses
$4,200
Mortgage P&I
119%
$3,110
Property Taxes
8%
$210
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0