This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $120k initial cash invested.
-17.57%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$2,751
Rent
-$1,753
Cashflow
Cash Flow
$2,751 income − $4,504 expenses = $1,753 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,751
Total Expenses
$4,504
Mortgage P&I
110%
$3,037
Property Taxes
20%
$551
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0