This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $121k initial cash invested.
-15.78%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$2,477
Rent
-$1,588
Cashflow
Cash Flow
$2,477 income − $4,065 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,477
Total Expenses
$4,065
Mortgage P&I
119%
$2,945
Property Taxes
11%
$274
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0