This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $120k initial cash invested.
-6.12%
Cash On Cash
5.35%
Cap Rate
0.86
DSCR
$3,682
Rent
-$610
Cashflow
Cash Flow
$3,682 income − $4,292 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,682
Total Expenses
$4,292
Mortgage P&I
81%
$2,969
Property Taxes
5%
$166
Home Insurance
5%
$200
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0