This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $121k initial cash invested.
-19.21%
Cash On Cash
3.14%
Cap Rate
0.45
DSCR
$2,511
Rent
-$1,933
Cashflow
Cash Flow
$2,511 income − $4,444 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,511
Total Expenses
$4,444
Mortgage P&I
132%
$3,313
Property Taxes
11%
$276
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0