This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $121k initial cash invested.
-19.3%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$2,784
Rent
-$1,942
Cashflow
Cash Flow
$2,784 income − $4,726 expenses = $1,942 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,784
Total Expenses
$4,726
Mortgage P&I
117%
$3,250
Property Taxes
20%
$552
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0