This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $121k initial cash invested.
-12.5%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$3,176
Rent
-$1,265
Cashflow
Cash Flow
$3,176 income − $4,441 expenses = $1,265 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,783
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,176
Total Expenses
$4,441
Mortgage P&I
95%
$3,030
Property Taxes
12%
$374
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0