This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $120k initial cash invested.
-18.08%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$3,015
Rent
-$1,815
Cashflow
Cash Flow
$3,015 income − $4,830 expenses = $1,815 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,015
Total Expenses
$4,830
Mortgage P&I
104%
$3,139
Property Taxes
23%
$685
Home Insurance
6%
$192
HOA
1%
$29
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0