This property looks like a bad Long-Term investment with a projected -22.88% first-year return on $120k initial cash invested.
-22.88%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$1,960
Rent
-$2,282
Cashflow
Cash Flow
$1,960 income − $4,242 expenses = $2,282 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,960
Total Expenses
$4,242
Mortgage P&I
157%
$3,071
Property Taxes
21%
$421
Home Insurance
10%
$200
HOA
2%
$40
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0