This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $120k initial cash invested.
-15.15%
Cash On Cash
3.42%
Cap Rate
0.54
DSCR
$2,557
Rent
-$1,513
Cashflow
Cash Flow
$2,557 income − $4,070 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$4,070
Mortgage P&I
118%
$3,010
Property Taxes
7%
$190
Home Insurance
8%
$205
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0