This property looks like a bad Long-Term investment with a projected -15.07% first-year return on $122k initial cash invested.
-15.07%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$2,596
Rent
-$1,530
Cashflow
Cash Flow
$2,596 income − $4,126 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,596
Total Expenses
$4,126
Mortgage P&I
114%
$2,953
Property Taxes
11%
$287
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0