This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $123k initial cash invested.
-13.19%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$3,590
Rent
-$1,352
Cashflow
Cash Flow
$3,590 income − $4,942 expenses = $1,352 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,590
Total Expenses
$4,942
Mortgage P&I
88%
$3,149
Property Taxes
18%
$653
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$215
Maintenance
5%
$180
Other
0%
$0