This property looks like a bad Long-Term investment with a projected -17.56% first-year return on $121k initial cash invested.
-17.56%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,455
Rent
-$1,767
Cashflow
Cash Flow
$2,455 income − $4,222 expenses = $1,767 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
$2,455
Total Expenses
$4,222
Mortgage P&I
128%
$3,143
Property Taxes
10%
$239
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0