This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $120k initial cash invested.
-18.01%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$2,944
Rent
-$1,800
Cashflow
Cash Flow
$2,944 income − $4,744 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,944
Total Expenses
$4,744
Mortgage P&I
107%
$3,163
Property Taxes
20%
$586
Home Insurance
7%
$210
HOA
1%
$20
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0