This property looks like a bad Long-Term investment with a projected -11.92% first-year return on $122k initial cash invested.
-11.92%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$3,365
Rent
-$1,213
Cashflow
Cash Flow
$3,365 income − $4,578 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,815
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,365
Total Expenses
$4,578
Mortgage P&I
87%
$2,934
Property Taxes
15%
$497
Home Insurance
6%
$206
HOA
2%
$67
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0