This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $122k initial cash invested.
-12.83%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$3,603
Rent
-$1,304
Cashflow
Cash Flow
$3,603 income − $4,907 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,603
Total Expenses
$4,907
Mortgage P&I
82%
$2,964
Property Taxes
22%
$797
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0