This property looks like a bad Long-Term investment with a projected -14.76% first-year return on $122k initial cash invested.
-14.76%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$2,693
Rent
-$1,498
Cashflow
Cash Flow
$2,693 income − $4,191 expenses = $1,498 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,693
Total Expenses
$4,191
Mortgage P&I
109%
$2,925
Property Taxes
13%
$362
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0