This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $120k initial cash invested.
-16.27%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$2,345
Rent
-$1,628
Cashflow
Cash Flow
$2,345 income − $3,973 expenses = $1,628 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,717
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,345
Total Expenses
$3,973
Mortgage P&I
130%
$3,051
Property Taxes
4%
$103
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0