This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $120k initial cash invested.
-10.5%
Cash On Cash
4.31%
Cap Rate
0.7
DSCR
$3,651
Rent
-$1,051
Cashflow
Cash Flow
$3,651 income − $4,702 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,719
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,651
Total Expenses
$4,702
Mortgage P&I
80%
$2,923
Property Taxes
17%
$637
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0