This property looks like a bad Long-Term investment with a projected -16.49% first-year return on $121k initial cash invested.
-16.49%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$2,405
Rent
-$1,659
Cashflow
Cash Flow
$2,405 income − $4,064 expenses = $1,659 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,405
Total Expenses
$4,064
Mortgage P&I
121%
$2,920
Property Taxes
13%
$319
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0