This property looks like a bad Long-Term investment with a projected -17.18% first-year return on $120k initial cash invested.
-17.18%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$2,746
Rent
-$1,715
Cashflow
Cash Flow
$2,746 income − $4,461 expenses = $1,715 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,704
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,746
Total Expenses
$4,461
Mortgage P&I
112%
$3,071
Property Taxes
17%
$475
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0