This property looks like a bad Long-Term investment with a projected -16.69% first-year return on $121k initial cash invested.
-16.69%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$2,910
Rent
-$1,680
Cashflow
Cash Flow
$2,910 income − $4,590 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,751
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,910
Total Expenses
$4,590
Mortgage P&I
107%
$3,122
Property Taxes
17%
$502
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0