This property looks like a bad Long-Term investment with a projected -17.47% first-year return on $121k initial cash invested.
-17.47%
Cash On Cash
2.69%
Cap Rate
0.44
DSCR
$2,736
Rent
-$1,760
Cashflow
Cash Flow
$2,736 income − $4,496 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,736
Total Expenses
$4,496
Mortgage P&I
107%
$2,914
Property Taxes
24%
$664
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0