This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $121k initial cash invested.
-19.45%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$2,026
Rent
-$1,957
Cashflow
Cash Flow
$2,026 income − $3,983 expenses = $1,957 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
$2,026
Total Expenses
$3,983
Mortgage P&I
150%
$3,038
Property Taxes
11%
$217
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0