This property looks like a bad Long-Term investment with a projected -11.52% first-year return on $122k initial cash invested.
-11.52%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$3,598
Rent
-$1,169
Cashflow
Cash Flow
$3,598 income − $4,767 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,598
Total Expenses
$4,767
Mortgage P&I
82%
$2,934
Property Taxes
19%
$691
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0