This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $121k initial cash invested.
-15.58%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$3,385
Rent
-$1,571
Cashflow
Cash Flow
$3,385 income − $4,956 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,385
Total Expenses
$4,956
Mortgage P&I
92%
$3,122
Property Taxes
22%
$752
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0