This property looks like a bad Long-Term investment with a projected -14.99% first-year return on $121k initial cash invested.
-14.99%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$3,197
Rent
-$1,508
Cashflow
Cash Flow
$3,197 income − $4,705 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,197
Total Expenses
$4,705
Mortgage P&I
98%
$3,124
Property Taxes
17%
$541
Home Insurance
6%
$201
HOA
0%
$7
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0