This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $120k initial cash invested.
-17.72%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$2,920
Rent
-$1,767
Cashflow
Cash Flow
$2,920 income − $4,687 expenses = $1,767 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,920
Total Expenses
$4,687
Mortgage P&I
106%
$3,100
Property Taxes
22%
$628
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0