This property looks like a bad Long-Term investment with a projected -10.16% first-year return on $121k initial cash invested.
-10.16%
Cash On Cash
4.58%
Cap Rate
0.72
DSCR
$3,769
Rent
-$1,024
Cashflow
Cash Flow
$3,769 income − $4,793 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,761
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,769
Total Expenses
$4,793
Mortgage P&I
81%
$3,036
Property Taxes
15%
$570
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0