This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $120k initial cash invested.
-16.57%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$2,851
Rent
-$1,653
Cashflow
Cash Flow
$2,851 income − $4,504 expenses = $1,653 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%
$5,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,851
Total Expenses
$4,504
Mortgage P&I
107%
$3,040
Property Taxes
18%
$522
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0