This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $120k initial cash invested.
-15.73%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$3,695
Rent
-$1,574
Cashflow
Cash Flow
$3,695 income − $5,269 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,717
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,695
Total Expenses
$5,269
Mortgage P&I
85%
$3,141
Property Taxes
22%
$810
Home Insurance
5%
$201
HOA
4%
$155
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0