This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $122k initial cash invested.
-13.29%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$2,812
Rent
-$1,347
Cashflow
Cash Flow
$2,812 income − $4,159 expenses = $1,347 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,812
Total Expenses
$4,159
Mortgage P&I
104%
$2,936
Property Taxes
10%
$288
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0