This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $120k initial cash invested.
-18.01%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$2,744
Rent
-$1,796
Cashflow
Cash Flow
$2,744 income − $4,540 expenses = $1,796 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,744
Total Expenses
$4,540
Mortgage P&I
113%
$3,100
Property Taxes
19%
$527
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0