This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $123k initial cash invested.
-11.78%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$3,429
Rent
-$1,209
Cashflow
Cash Flow
$3,429 income − $4,638 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,429
Total Expenses
$4,638
Mortgage P&I
87%
$2,977
Property Taxes
16%
$556
Home Insurance
6%
$214
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0