This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $122k initial cash invested.
-16.33%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$2,953
Rent
-$1,655
Cashflow
Cash Flow
$2,953 income − $4,608 expenses = $1,655 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,953
Total Expenses
$4,608
Mortgage P&I
110%
$3,242
Property Taxes
13%
$392
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0