This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $122k initial cash invested.
-16.9%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$3,062
Rent
-$1,715
Cashflow
Cash Flow
$3,062 income − $4,777 expenses = $1,715 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,062
Total Expenses
$4,777
Mortgage P&I
104%
$3,172
Property Taxes
20%
$606
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0