This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $121k initial cash invested.
-14.73%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$3,472
Rent
-$1,487
Cashflow
Cash Flow
$3,472 income − $4,959 expenses = $1,487 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,472
Total Expenses
$4,959
Mortgage P&I
85%
$2,965
Property Taxes
24%
$850
Home Insurance
7%
$241
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0