This property looks like a bad Long-Term investment with a projected -22.59% first-year return on $120k initial cash invested.
-22.59%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$2,942
Rent
-$2,251
Cashflow
Cash Flow
$2,942 income − $5,193 expenses = $2,251 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,942
Total Expenses
$5,193
Mortgage P&I
105%
$3,103
Property Taxes
33%
$965
Home Insurance
7%
$201
HOA
5%
$159
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0