This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $123k initial cash invested.
-13.61%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$3,500
Rent
-$1,395
Cashflow
Cash Flow
$3,500 income − $4,895 expenses = $1,395 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,857
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,500
Total Expenses
$4,895
Mortgage P&I
88%
$3,084
Property Taxes
20%
$691
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0