This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $120k initial cash invested.
-13.76%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$2,894
Rent
-$1,372
Cashflow
Cash Flow
$2,894 income − $4,266 expenses = $1,372 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,894
Total Expenses
$4,266
Mortgage P&I
105%
$3,046
Property Taxes
9%
$261
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0