This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $122k initial cash invested.
-14.83%
Cash On Cash
3.85%
Cap Rate
0.58
DSCR
$3,175
Rent
-$1,505
Cashflow
Cash Flow
$3,175 income − $4,680 expenses = $1,505 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,175
Total Expenses
$4,680
Mortgage P&I
101%
$3,206
Property Taxes
14%
$445
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$190
Maintenance
5%
$159
Other
0%
$0