This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $120k initial cash invested.
-17.62%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$2,389
Rent
-$1,757
Cashflow
Cash Flow
$2,389 income − $4,146 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,389
Total Expenses
$4,146
Mortgage P&I
125%
$2,979
Property Taxes
15%
$347
Home Insurance
8%
$200
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0