This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $121k initial cash invested.
-13.08%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$3,419
Rent
-$1,316
Cashflow
Cash Flow
$3,419 income − $4,735 expenses = $1,316 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
$3,419
Total Expenses
$4,735
Mortgage P&I
90%
$3,084
Property Taxes
16%
$561
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0