This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $123k initial cash invested.
-12.79%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$3,414
Rent
-$1,313
Cashflow
Cash Flow
$3,414 income − $4,727 expenses = $1,313 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,414
Total Expenses
$4,727
Mortgage P&I
94%
$3,212
Property Taxes
13%
$459
Home Insurance
5%
$168
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0