This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $120k initial cash invested.
-12.98%
Cash On Cash
3.69%
Cap Rate
0.61
DSCR
$3,362
Rent
-$1,301
Cashflow
Cash Flow
$3,362 income − $4,663 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,362
Total Expenses
$4,663
Mortgage P&I
86%
$2,893
Property Taxes
21%
$695
Home Insurance
6%
$201
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0