This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $122k initial cash invested.
-10.27%
Cash On Cash
4.33%
Cap Rate
0.71
DSCR
$3,858
Rent
-$1,046
Cashflow
Cash Flow
$3,858 income − $4,904 expenses = $1,046 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%
$5,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,858
Total Expenses
$4,904
Mortgage P&I
77%
$2,953
Property Taxes
11%
$438
Home Insurance
5%
$210
HOA
8%
$300
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0