This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $123k initial cash invested.
-11.67%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$3,946
Rent
-$1,198
Cashflow
Cash Flow
$3,946 income − $5,144 expenses = $1,198 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%
$5,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,946
Total Expenses
$5,144
Mortgage P&I
80%
$3,138
Property Taxes
20%
$805
Home Insurance
4%
$175
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0