This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $122k initial cash invested.
-12.86%
Cash On Cash
3.73%
Cap Rate
0.61
DSCR
$3,058
Rent
-$1,303
Cashflow
Cash Flow
$3,058 income − $4,361 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,058
Total Expenses
$4,361
Mortgage P&I
96%
$2,949
Property Taxes
14%
$414
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0