This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $120k initial cash invested.
-11.75%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$3,280
Rent
-$1,171
Cashflow
Cash Flow
$3,280 income − $4,451 expenses = $1,171 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,280
Total Expenses
$4,451
Mortgage P&I
89%
$2,923
Property Taxes
14%
$472
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0