This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $122k initial cash invested.
-14.09%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$3,373
Rent
-$1,436
Cashflow
Cash Flow
$3,373 income − $4,809 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,373
Total Expenses
$4,809
Mortgage P&I
94%
$3,179
Property Taxes
16%
$543
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0