This property looks like a bad Long-Term investment with a projected -17.12% first-year return on $121k initial cash invested.
-17.12%
Cash On Cash
2.98%
Cap Rate
0.47
DSCR
$2,519
Rent
-$1,723
Cashflow
Cash Flow
$2,519 income − $4,242 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,519
Total Expenses
$4,242
Mortgage P&I
120%
$3,025
Property Taxes
14%
$361
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0