This property looks like a bad Long-Term investment with a projected -18.68% first-year return on $120k initial cash invested.
-18.68%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$2,352
Rent
-$1,876
Cashflow
Cash Flow
$2,352 income − $4,228 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,352
Total Expenses
$4,228
Mortgage P&I
129%
$3,038
Property Taxes
16%
$382
Home Insurance
8%
$192
HOA
0%
$4
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0