This property looks like a bad Long-Term investment with a projected -23.38% first-year return on $121k initial cash invested.
-23.38%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$1,626
Rent
-$2,353
Cashflow
Cash Flow
$1,626 income − $3,979 expenses = $2,353 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
$1,626
Total Expenses
$3,979
Mortgage P&I
195%
$3,164
Property Taxes
12%
$191
Home Insurance
12%
$201
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0