This property looks like a bad Long-Term investment with a projected -20% first-year return on $121k initial cash invested.
-20%
Cash On Cash
2.04%
Cap Rate
0.34
DSCR
$1,658
Rent
-$2,012
Cashflow
Cash Flow
$1,658 income − $3,670 expenses = $2,012 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,658
Total Expenses
$3,670
Mortgage P&I
175%
$2,906
Property Taxes
8%
$132
Home Insurance
12%
$201
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0