This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $123k initial cash invested.
-14.1%
Cash On Cash
4.1%
Cap Rate
0.61
DSCR
$3,659
Rent
-$1,445
Cashflow
Cash Flow
$3,659 income − $5,104 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,659
Total Expenses
$5,104
Mortgage P&I
89%
$3,262
Property Taxes
20%
$732
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0