This property looks like a bad Long-Term investment with a projected -14.61% first-year return on $122k initial cash invested.
-14.61%
Cash On Cash
3.73%
Cap Rate
0.58
DSCR
$3,214
Rent
-$1,488
Cashflow
Cash Flow
$3,214 income − $4,702 expenses = $1,488 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,214
Total Expenses
$4,702
Mortgage P&I
98%
$3,137
Property Taxes
16%
$524
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0