This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $122k initial cash invested.
-18.04%
Cash On Cash
2.86%
Cap Rate
0.45
DSCR
$3,057
Rent
-$1,840
Cashflow
Cash Flow
$3,057 income − $4,897 expenses = $1,840 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,057
Total Expenses
$4,897
Mortgage P&I
101%
$3,078
Property Taxes
13%
$388
Home Insurance
7%
$228
HOA
13%
$408
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0