This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $121k initial cash invested.
-13.56%
Cash On Cash
3.51%
Cap Rate
0.58
DSCR
$2,562
Rent
-$1,365
Cashflow
Cash Flow
$2,562 income − $3,927 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,753
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,562
Total Expenses
$3,927
Mortgage P&I
114%
$2,918
Property Taxes
5%
$133
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0