This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $123k initial cash invested.
-14.06%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$3,000
Rent
-$1,439
Cashflow
Cash Flow
$3,000 income − $4,439 expenses = $1,439 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,000
Total Expenses
$4,439
Mortgage P&I
105%
$3,138
Property Taxes
10%
$311
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0