This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $121k initial cash invested.
-13.6%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$3,400
Rent
-$1,368
Cashflow
Cash Flow
$3,400 income − $4,768 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,400
Total Expenses
$4,768
Mortgage P&I
91%
$3,088
Property Taxes
17%
$574
Home Insurance
6%
$201
HOA
1%
$21
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0