This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $121k initial cash invested.
-13.45%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$3,589
Rent
-$1,351
Cashflow
Cash Flow
$3,589 income − $4,940 expenses = $1,351 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,739
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,589
Total Expenses
$4,940
Mortgage P&I
89%
$3,199
Property Taxes
18%
$659
Home Insurance
4%
$150
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0