This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $120k initial cash invested.
-14.4%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$2,652
Rent
-$1,445
Cashflow
Cash Flow
$2,652 income − $4,097 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,735
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,652
Total Expenses
$4,097
Mortgage P&I
115%
$3,052
Property Taxes
6%
$154
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0