This property looks like a bad Long-Term investment with a projected -24.28% first-year return on $121k initial cash invested.
-24.28%
Cash On Cash
1.33%
Cap Rate
0.21
DSCR
$2,071
Rent
-$2,443
Cashflow
Cash Flow
$2,071 income − $4,514 expenses = $2,443 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,071
Total Expenses
$4,514
Mortgage P&I
144%
$2,978
Property Taxes
38%
$796
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0