This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $122k initial cash invested.
-12.1%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$3,538
Rent
-$1,226
Cashflow
Cash Flow
$3,538 income − $4,764 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,538
Total Expenses
$4,764
Mortgage P&I
89%
$3,153
Property Taxes
14%
$481
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0