This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $121k initial cash invested.
-12.93%
Cash On Cash
3.57%
Cap Rate
0.6
DSCR
$3,389
Rent
-$1,301
Cashflow
Cash Flow
$3,389 income − $4,690 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.3%
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
$3,389
Total Expenses
$4,690
Mortgage P&I
84%
$2,842
Property Taxes
23%
$767
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0