This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $122k initial cash invested.
-14.62%
Cash On Cash
3.58%
Cap Rate
0.56
DSCR
$3,035
Rent
-$1,489
Cashflow
Cash Flow
$3,035 income − $4,524 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,819
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,035
Total Expenses
$4,524
Mortgage P&I
101%
$3,073
Property Taxes
15%
$448
Home Insurance
6%
$192
HOA
1%
$21
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0