This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $121k initial cash invested.
-13.87%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$3,448
Rent
-$1,393
Cashflow
Cash Flow
$3,448 income − $4,841 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,448
Total Expenses
$4,841
Mortgage P&I
88%
$3,047
Property Taxes
19%
$670
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0