This property looks like a bad Long-Term investment with a projected -21.37% first-year return on $120k initial cash invested.
-21.37%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$2,507
Rent
-$2,141
Cashflow
Cash Flow
$2,507 income − $4,648 expenses = $2,141 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,724
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,507
Total Expenses
$4,648
Mortgage P&I
118%
$2,957
Property Taxes
33%
$821
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0