This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $121k initial cash invested.
-12.6%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$3,425
Rent
-$1,268
Cashflow
Cash Flow
$3,425 income − $4,693 expenses = $1,268 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,425
Total Expenses
$4,693
Mortgage P&I
89%
$3,057
Property Taxes
16%
$545
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0