This property looks like a bad Long-Term investment with a projected -20.22% first-year return on $121k initial cash invested.
-20.22%
Cash On Cash
2.31%
Cap Rate
0.36
DSCR
$2,053
Rent
-$2,035
Cashflow
Cash Flow
$2,053 income − $4,088 expenses = $2,035 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,053
Total Expenses
$4,088
Mortgage P&I
148%
$3,037
Property Taxes
15%
$316
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0