This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $120k initial cash invested.
-12.71%
Cash On Cash
3.95%
Cap Rate
0.63
DSCR
$3,083
Rent
-$1,267
Cashflow
Cash Flow
$3,083 income − $4,350 expenses = $1,267 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,083
Total Expenses
$4,350
Mortgage P&I
97%
$2,988
Property Taxes
12%
$360
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0