This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $122k initial cash invested.
-14.04%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$2,926
Rent
-$1,430
Cashflow
Cash Flow
$2,926 income − $4,356 expenses = $1,430 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,926
Total Expenses
$4,356
Mortgage P&I
109%
$3,177
Property Taxes
7%
$208
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0