This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $120k initial cash invested.
-14.37%
Cash On Cash
3.56%
Cap Rate
0.57
DSCR
$3,108
Rent
-$1,437
Cashflow
Cash Flow
$3,108 income − $4,545 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,108
Total Expenses
$4,545
Mortgage P&I
96%
$2,977
Property Taxes
16%
$496
Home Insurance
7%
$217
HOA
2%
$48
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0