This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $121k initial cash invested.
-15.28%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$3,077
Rent
-$1,538
Cashflow
Cash Flow
$3,077 income − $4,615 expenses = $1,538 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,077
Total Expenses
$4,615
Mortgage P&I
101%
$3,110
Property Taxes
16%
$503
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0