This property looks like a bad Long-Term investment with a projected -22.08% first-year return on $120k initial cash invested.
-22.08%
Cash On Cash
1.69%
Cap Rate
0.28
DSCR
$1,938
Rent
-$2,216
Cashflow
Cash Flow
$1,938 income − $4,154 expenses = $2,216 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,938
Total Expenses
$4,154
Mortgage P&I
151%
$2,929
Property Taxes
26%
$511
Home Insurance
11%
$210
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0