This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $121k initial cash invested.
-14.91%
Cash On Cash
3.69%
Cap Rate
0.57
DSCR
$3,300
Rent
-$1,501
Cashflow
Cash Flow
$3,300 income − $4,801 expenses = $1,501 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%
$5,753
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,300
Total Expenses
$4,801
Mortgage P&I
94%
$3,103
Property Taxes
16%
$535
Home Insurance
6%
$192
HOA
3%
$113
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0