This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $121k initial cash invested.
-13.82%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$3,248
Rent
-$1,391
Cashflow
Cash Flow
$3,248 income − $4,639 expenses = $1,391 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
$3,248
Total Expenses
$4,639
Mortgage P&I
97%
$3,166
Property Taxes
13%
$428
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0