This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $122k initial cash invested.
-13.73%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$3,460
Rent
-$1,392
Cashflow
Cash Flow
$3,460 income − $4,852 expenses = $1,392 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,460
Total Expenses
$4,852
Mortgage P&I
91%
$3,157
Property Taxes
17%
$589
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0