This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $122k initial cash invested.
-12.35%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$3,503
Rent
-$1,255
Cashflow
Cash Flow
$3,503 income − $4,758 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,806
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,503
Total Expenses
$4,758
Mortgage P&I
89%
$3,125
Property Taxes
15%
$520
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0