This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $120k initial cash invested.
-16.23%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$2,357
Rent
-$1,629
Cashflow
Cash Flow
$2,357 income − $3,986 expenses = $1,629 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,357
Total Expenses
$3,986
Mortgage P&I
127%
$3,001
Property Taxes
7%
$162
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0