This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $122k initial cash invested.
-11.8%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$3,410
Rent
-$1,197
Cashflow
Cash Flow
$3,410 income − $4,607 expenses = $1,197 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,410
Total Expenses
$4,607
Mortgage P&I
87%
$2,980
Property Taxes
16%
$538
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$205
Maintenance
5%
$170
Other
0%
$0