This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $123k initial cash invested.
-14.62%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$2,786
Rent
-$1,494
Cashflow
Cash Flow
$2,786 income − $4,280 expenses = $1,494 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,841
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,786
Total Expenses
$4,280
Mortgage P&I
111%
$3,104
Property Taxes
6%
$172
Home Insurance
8%
$220
HOA
2%
$60
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0