This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $120k initial cash invested.
-17.25%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$2,543
Rent
-$1,722
Cashflow
Cash Flow
$2,543 income − $4,265 expenses = $1,722 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,543
Total Expenses
$4,265
Mortgage P&I
123%
$3,135
Property Taxes
10%
$266
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0