This property looks like a bad Long-Term investment with a projected -13.62% first-year return on $121k initial cash invested.
-13.62%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$3,080
Rent
-$1,375
Cashflow
Cash Flow
$3,080 income − $4,455 expenses = $1,375 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,080
Total Expenses
$4,455
Mortgage P&I
95%
$2,927
Property Taxes
17%
$528
Home Insurance
6%
$199
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0