This property looks like a bad Long-Term investment with a projected -12.88% first-year return on $121k initial cash invested.
-12.88%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$3,210
Rent
-$1,294
Cashflow
Cash Flow
$3,210 income − $4,504 expenses = $1,294 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$4,504
Mortgage P&I
97%
$3,098
Property Taxes
11%
$367
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0