This property looks like a bad Long-Term investment with a projected -12.96% first-year return on $122k initial cash invested.
-12.96%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$3,483
Rent
-$1,315
Cashflow
Cash Flow
$3,483 income − $4,798 expenses = $1,315 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,797
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,483
Total Expenses
$4,798
Mortgage P&I
93%
$3,230
Property Taxes
15%
$516
Home Insurance
4%
$147
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0