This property looks like a bad Long-Term investment with a projected -19.52% first-year return on $121k initial cash invested.
-19.52%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$2,407
Rent
-$1,964
Cashflow
Cash Flow
$2,407 income − $4,371 expenses = $1,964 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,407
Total Expenses
$4,371
Mortgage P&I
129%
$3,107
Property Taxes
18%
$438
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0