This property looks like a bad Long-Term investment with a projected -20.94% first-year return on $121k initial cash invested.
-20.94%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$2,985
Rent
-$2,103
Cashflow
Cash Flow
$2,985 income − $5,088 expenses = $2,103 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,985
Total Expenses
$5,088
Mortgage P&I
104%
$3,094
Property Taxes
35%
$1,030
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0