This property looks like a bad Long-Term investment with a projected -16.07% first-year return on $123k initial cash invested.
-16.07%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$3,354
Rent
-$1,651
Cashflow
Cash Flow
$3,354 income − $5,005 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,354
Total Expenses
$5,005
Mortgage P&I
89%
$2,992
Property Taxes
28%
$938
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0