This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $123k initial cash invested.
-11.5%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$3,310
Rent
-$1,179
Cashflow
Cash Flow
$3,310 income − $4,489 expenses = $1,179 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,310
Total Expenses
$4,489
Mortgage P&I
91%
$3,011
Property Taxes
12%
$406
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0