This property looks like a bad Long-Term investment with a projected -23.06% first-year return on $121k initial cash invested.
-23.06%
Cash On Cash
1.53%
Cap Rate
0.25
DSCR
$1,980
Rent
-$2,320
Cashflow
Cash Flow
$1,980 income − $4,300 expenses = $2,320 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,980
Total Expenses
$4,300
Mortgage P&I
149%
$2,956
Property Taxes
32%
$628
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0