This property looks like a bad Long-Term investment with a projected -18.55% first-year return on $120k initial cash invested.
-18.55%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$3,333
Rent
-$1,851
Cashflow
Cash Flow
$3,333 income − $5,184 expenses = $1,851 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,333
Total Expenses
$5,184
Mortgage P&I
95%
$3,178
Property Taxes
29%
$953
Home Insurance
6%
$186
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0