This property looks like a bad Long-Term investment with a projected -13.2% first-year return on $122k initial cash invested.
-13.2%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$3,350
Rent
-$1,344
Cashflow
Cash Flow
$3,350 income − $4,694 expenses = $1,344 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%
$5,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,350
Total Expenses
$4,694
Mortgage P&I
95%
$3,175
Property Taxes
13%
$441
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0