This property looks like a bad Long-Term investment with a projected -20.04% first-year return on $121k initial cash invested.
-20.04%
Cash On Cash
2.59%
Cap Rate
0.39
DSCR
$1,997
Rent
-$2,017
Cashflow
Cash Flow
$1,997 income − $4,014 expenses = $2,017 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$4,014
Mortgage P&I
158%
$3,160
Property Taxes
7%
$133
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0