This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $122k initial cash invested.
-16.78%
Cash On Cash
3.09%
Cap Rate
0.49
DSCR
$3,256
Rent
-$1,701
Cashflow
Cash Flow
$3,256 income − $4,957 expenses = $1,701 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,256
Total Expenses
$4,957
Mortgage P&I
93%
$3,028
Property Taxes
27%
$877
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0