This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $121k initial cash invested.
-14.1%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$3,437
Rent
-$1,419
Cashflow
Cash Flow
$3,437 income − $4,856 expenses = $1,419 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
$3,437
Total Expenses
$4,856
Mortgage P&I
92%
$3,145
Property Taxes
18%
$616
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0