This property looks like a bad Long-Term investment with a projected -17.49% first-year return on $121k initial cash invested.
-17.49%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$2,271
Rent
-$1,760
Cashflow
Cash Flow
$2,271 income − $4,031 expenses = $1,760 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
$2,271
Total Expenses
$4,031
Mortgage P&I
136%
$3,079
Property Taxes
7%
$160
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0