This property looks like a bad Long-Term investment with a projected -23.46% first-year return on $123k initial cash invested.
-23.46%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$1,919
Rent
-$2,402
Cashflow
Cash Flow
$1,919 income − $4,321 expenses = $2,402 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,919
Total Expenses
$4,321
Mortgage P&I
169%
$3,252
Property Taxes
19%
$365
Home Insurance
11%
$205
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0