This property looks like a bad Long-Term investment with a projected -22.35% first-year return on $121k initial cash invested.
-22.35%
Cash On Cash
2.13%
Cap Rate
0.33
DSCR
$2,969
Rent
-$2,259
Cashflow
Cash Flow
$2,969 income − $5,228 expenses = $2,259 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,775
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,969
Total Expenses
$5,228
Mortgage P&I
106%
$3,135
Property Taxes
34%
$1,000
Home Insurance
11%
$322
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0