This property looks like a bad Long-Term investment with a projected -13.25% first-year return on $122k initial cash invested.
-13.25%
Cash On Cash
3.89%
Cap Rate
0.62
DSCR
$3,489
Rent
-$1,343
Cashflow
Cash Flow
$3,489 income − $4,832 expenses = $1,343 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,794
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,489
Total Expenses
$4,832
Mortgage P&I
87%
$3,045
Property Taxes
18%
$618
Home Insurance
7%
$228
HOA
1%
$35
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0