This property looks like a bad Long-Term investment with a projected -17.53% first-year return on $121k initial cash invested.
-17.53%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$3,216
Rent
-$1,764
Cashflow
Cash Flow
$3,216 income − $4,980 expenses = $1,764 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
$3,216
Total Expenses
$4,980
Mortgage P&I
99%
$3,171
Property Taxes
22%
$721
Home Insurance
6%
$201
HOA
2%
$50
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0