This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $121k initial cash invested.
-17.71%
Cash On Cash
3%
Cap Rate
0.47
DSCR
$2,788
Rent
-$1,790
Cashflow
Cash Flow
$2,788 income − $4,578 expenses = $1,790 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,788
Total Expenses
$4,578
Mortgage P&I
111%
$3,093
Property Taxes
20%
$560
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0