This property looks like a bad Long-Term investment with a projected -16.64% first-year return on $121k initial cash invested.
-16.64%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$2,964
Rent
-$1,678
Cashflow
Cash Flow
$2,964 income − $4,642 expenses = $1,678 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$4,642
Mortgage P&I
105%
$3,105
Property Taxes
19%
$564
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0