This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $121k initial cash invested.
-15.12%
Cash On Cash
3.19%
Cap Rate
0.52
DSCR
$2,246
Rent
-$1,521
Cashflow
Cash Flow
$2,246 income − $3,767 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,246
Total Expenses
$3,767
Mortgage P&I
131%
$2,937
Property Taxes
2%
$45
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0