This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $123k initial cash invested.
-13.06%
Cash On Cash
3.98%
Cap Rate
0.62
DSCR
$3,445
Rent
-$1,342
Cashflow
Cash Flow
$3,445 income − $4,787 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,445
Total Expenses
$4,787
Mortgage P&I
90%
$3,116
Property Taxes
16%
$566
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0