This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $120k initial cash invested.
-17.65%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$2,820
Rent
-$1,770
Cashflow
Cash Flow
$2,820 income − $4,590 expenses = $1,770 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,820
Total Expenses
$4,590
Mortgage P&I
110%
$3,095
Property Taxes
20%
$556
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0