This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $120k initial cash invested.
-13.29%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$3,459
Rent
-$1,331
Cashflow
Cash Flow
$3,459 income − $4,790 expenses = $1,331 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,459
Total Expenses
$4,790
Mortgage P&I
91%
$3,146
Property Taxes
16%
$536
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0