This property looks like a bad Long-Term investment with a projected -21.78% first-year return on $121k initial cash invested.
-21.78%
Cash On Cash
2.3%
Cap Rate
0.34
DSCR
$1,910
Rent
-$2,192
Cashflow
Cash Flow
$1,910 income − $4,102 expenses = $2,192 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,910
Total Expenses
$4,102
Mortgage P&I
167%
$3,198
Property Taxes
11%
$205
Home Insurance
11%
$201
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0