This property looks like a bad Long-Term investment with a projected -18.38% first-year return on $121k initial cash invested.
-18.38%
Cash On Cash
2.83%
Cap Rate
0.44
DSCR
$2,650
Rent
-$1,849
Cashflow
Cash Flow
$2,650 income − $4,499 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,650
Total Expenses
$4,499
Mortgage P&I
116%
$3,073
Property Taxes
20%
$537
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0