This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $121k initial cash invested.
-9.95%
Cash On Cash
4.27%
Cap Rate
0.71
DSCR
$3,463
Rent
-$1,004
Cashflow
Cash Flow
$3,463 income − $4,467 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,463
Total Expenses
$4,467
Mortgage P&I
83%
$2,885
Property Taxes
14%
$476
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0