This property looks like a bad Long-Term investment with a projected -17.64% first-year return on $121k initial cash invested.
-17.64%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$2,834
Rent
-$1,775
Cashflow
Cash Flow
$2,834 income − $4,609 expenses = $1,775 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%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,834
Total Expenses
$4,609
Mortgage P&I
110%
$3,106
Property Taxes
20%
$565
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0