This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $121k initial cash invested.
-14.78%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$2,693
Rent
-$1,487
Cashflow
Cash Flow
$2,693 income − $4,180 expenses = $1,487 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,693
Total Expenses
$4,180
Mortgage P&I
109%
$2,930
Property Taxes
13%
$348
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0