This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $121k initial cash invested.
-14.06%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$3,200
Rent
-$1,415
Cashflow
Cash Flow
$3,200 income − $4,615 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,200
Total Expenses
$4,615
Mortgage P&I
96%
$3,079
Property Taxes
16%
$503
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0