This property looks like a bad Long-Term investment with a projected -20.61% first-year return on $121k initial cash invested.
-20.61%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$2,187
Rent
-$2,081
Cashflow
Cash Flow
$2,187 income − $4,268 expenses = $2,081 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,187
Total Expenses
$4,268
Mortgage P&I
148%
$3,228
Property Taxes
11%
$251
Home Insurance
10%
$208
HOA
1%
$13
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0