This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $121k initial cash invested.
-15.62%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,765
Rent
-$1,574
Cashflow
Cash Flow
$2,765 income − $4,339 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,765
Total Expenses
$4,339
Mortgage P&I
111%
$3,072
Property Taxes
9%
$261
Home Insurance
7%
$203
HOA
3%
$85
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0