This property looks like a bad Long-Term investment with a projected -24.43% first-year return on $120k initial cash invested.
-24.43%
Cash On Cash
1.14%
Cap Rate
0.19
DSCR
$1,752
Rent
-$2,438
Cashflow
Cash Flow
$1,752 income − $4,190 expenses = $2,438 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,752
Total Expenses
$4,190
Mortgage P&I
165%
$2,893
Property Taxes
36%
$631
Home Insurance
12%
$210
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0