This property looks like a bad Long-Term investment with a projected -11.28% first-year return on $120k initial cash invested.
-11.28%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$3,421
Rent
-$1,128
Cashflow
Cash Flow
$3,421 income − $4,549 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,421
Total Expenses
$4,549
Mortgage P&I
90%
$3,095
Property Taxes
11%
$362
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0