This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $122k initial cash invested.
-18.62%
Cash On Cash
3.3%
Cap Rate
0.48
DSCR
$3,126
Rent
-$1,897
Cashflow
Cash Flow
$3,126 income − $5,023 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,126
Total Expenses
$5,023
Mortgage P&I
107%
$3,342
Property Taxes
21%
$644
Home Insurance
7%
$224
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0