This property looks like a bad Long-Term investment with a projected -15.07% first-year return on $122k initial cash invested.
-15.07%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$3,128
Rent
-$1,530
Cashflow
Cash Flow
$3,128 income − $4,658 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,128
Total Expenses
$4,658
Mortgage P&I
100%
$3,129
Property Taxes
16%
$513
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0