This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $120k initial cash invested.
-11.39%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$3,295
Rent
-$1,143
Cashflow
Cash Flow
$3,295 income − $4,438 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,734
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,295
Total Expenses
$4,438
Mortgage P&I
93%
$3,079
Property Taxes
8%
$265
Home Insurance
6%
$203
HOA
1%
$33
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0