This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $121k initial cash invested.
-11.37%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$3,568
Rent
-$1,150
Cashflow
Cash Flow
$3,568 income − $4,718 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,568
Total Expenses
$4,718
Mortgage P&I
88%
$3,132
Property Taxes
10%
$355
Home Insurance
6%
$206
HOA
3%
$98
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0