This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $121k initial cash invested.
-17.99%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$3,178
Rent
-$1,821
Cashflow
Cash Flow
$3,178 income − $4,999 expenses = $1,821 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,178
Total Expenses
$4,999
Mortgage P&I
100%
$3,191
Property Taxes
23%
$736
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0