This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $122k initial cash invested.
-15.51%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$3,025
Rent
-$1,574
Cashflow
Cash Flow
$3,025 income − $4,599 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,025
Total Expenses
$4,599
Mortgage P&I
104%
$3,141
Property Taxes
16%
$469
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0