This property looks like a bad Long-Term investment with a projected -15.7% first-year return on $122k initial cash invested.
-15.7%
Cash On Cash
2.99%
Cap Rate
0.5
DSCR
$2,592
Rent
-$1,591
Cashflow
Cash Flow
$2,592 income − $4,183 expenses = $1,591 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$4,183
Mortgage P&I
112%
$2,906
Property Taxes
15%
$392
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0