This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $120k initial cash invested.
-14.63%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$2,661
Rent
-$1,468
Cashflow
Cash Flow
$2,661 income − $4,129 expenses = $1,468 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%
$5,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,661
Total Expenses
$4,129
Mortgage P&I
109%
$2,901
Property Taxes
13%
$333
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0