This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $120k initial cash invested.
-14.44%
Cash On Cash
3.24%
Cap Rate
0.54
DSCR
$2,565
Rent
-$1,446
Cashflow
Cash Flow
$2,565 income − $4,011 expenses = $1,446 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,724
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,565
Total Expenses
$4,011
Mortgage P&I
112%
$2,863
Property Taxes
8%
$207
Home Insurance
8%
$208
HOA
3%
$67
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0