This property looks like a bad Long-Term investment with a projected -19.82% first-year return on $120k initial cash invested.
-19.82%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$2,253
Rent
-$1,982
Cashflow
Cash Flow
$2,253 income − $4,235 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,253
Total Expenses
$4,235
Mortgage P&I
139%
$3,129
Property Taxes
14%
$310
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0