This property looks like a bad Long-Term investment with a projected -14.53% first-year return on $120k initial cash invested.
-14.53%
Cash On Cash
3.59%
Cap Rate
0.57
DSCR
$3,053
Rent
-$1,452
Cashflow
Cash Flow
$3,053 income − $4,505 expenses = $1,452 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,053
Total Expenses
$4,505
Mortgage P&I
98%
$3,007
Property Taxes
16%
$503
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0