This property looks like a bad Long-Term investment with a projected -19.99% first-year return on $121k initial cash invested.
-19.99%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$2,414
Rent
-$2,011
Cashflow
Cash Flow
$2,414 income − $4,425 expenses = $2,011 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,414
Total Expenses
$4,425
Mortgage P&I
127%
$3,074
Property Taxes
22%
$522
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0