This property looks like a bad Long-Term investment with a projected -14.32% first-year return on $122k initial cash invested.
-14.32%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$3,080
Rent
-$1,453
Cashflow
Cash Flow
$3,080 income − $4,533 expenses = $1,453 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,080
Total Expenses
$4,533
Mortgage P&I
97%
$2,980
Property Taxes
18%
$549
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0