This property looks like a bad Long-Term investment with a projected -19.65% first-year return on $121k initial cash invested.
-19.65%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$2,744
Rent
-$1,983
Cashflow
Cash Flow
$2,744 income − $4,727 expenses = $1,983 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,766
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,744
Total Expenses
$4,727
Mortgage P&I
112%
$3,069
Property Taxes
27%
$747
Home Insurance
7%
$198
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0