This property looks like a bad Long-Term investment with a projected -18.1% first-year return on $120k initial cash invested.
-18.1%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$2,752
Rent
-$1,810
Cashflow
Cash Flow
$2,752 income − $4,562 expenses = $1,810 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,752
Total Expenses
$4,562
Mortgage P&I
114%
$3,125
Property Taxes
19%
$518
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0