This property looks like a bad Long-Term investment with a projected -18.54% first-year return on $121k initial cash invested.
-18.54%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,275
Rent
-$1,865
Cashflow
Cash Flow
$2,275 income − $4,140 expenses = $1,865 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$4,140
Mortgage P&I
139%
$3,173
Property Taxes
8%
$174
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0