This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $120k initial cash invested.
-16.92%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$2,852
Rent
-$1,698
Cashflow
Cash Flow
$2,852 income − $4,550 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,852
Total Expenses
$4,550
Mortgage P&I
111%
$3,169
Property Taxes
12%
$356
Home Insurance
7%
$203
HOA
3%
$80
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0