This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $120k initial cash invested.
-14.55%
Cash On Cash
3.54%
Cap Rate
0.56
DSCR
$3,015
Rent
-$1,454
Cashflow
Cash Flow
$3,015 income − $4,469 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,015
Total Expenses
$4,469
Mortgage P&I
99%
$2,987
Property Taxes
16%
$494
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0