This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $122k initial cash invested.
-13.96%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$3,129
Rent
-$1,423
Cashflow
Cash Flow
$3,129 income − $4,552 expenses = $1,423 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%
$5,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,129
Total Expenses
$4,552
Mortgage P&I
100%
$3,138
Property Taxes
13%
$395
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0