This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $120k initial cash invested.
-8.84%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$3,923
Rent
-$882
Cashflow
Cash Flow
$3,923 income − $4,805 expenses = $882 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
$3,923
Total Expenses
$4,805
Mortgage P&I
78%
$3,048
Property Taxes
11%
$417
Home Insurance
5%
$200
HOA
3%
$121
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0