This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $122k initial cash invested.
-11.69%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$3,344
Rent
-$1,189
Cashflow
Cash Flow
$3,344 income − $4,533 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,814
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,344
Total Expenses
$4,533
Mortgage P&I
88%
$2,946
Property Taxes
15%
$508
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0