This property looks like a bad Long-Term investment with a projected -14.28% first-year return on $121k initial cash invested.
-14.28%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$3,158
Rent
-$1,437
Cashflow
Cash Flow
$3,158 income − $4,595 expenses = $1,437 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%
$5,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,158
Total Expenses
$4,595
Mortgage P&I
99%
$3,119
Property Taxes
14%
$454
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0