This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $122k initial cash invested.
-13.53%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$2,974
Rent
-$1,371
Cashflow
Cash Flow
$2,974 income − $4,345 expenses = $1,371 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,974
Total Expenses
$4,345
Mortgage P&I
100%
$2,979
Property Taxes
13%
$388
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0