This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $123k initial cash invested.
-12.54%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$3,553
Rent
-$1,287
Cashflow
Cash Flow
$3,553 income − $4,840 expenses = $1,287 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,553
Total Expenses
$4,840
Mortgage P&I
88%
$3,127
Property Taxes
16%
$574
Home Insurance
6%
$215
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0