This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $123k initial cash invested.
-14.11%
Cash On Cash
3.62%
Cap Rate
0.58
DSCR
$3,115
Rent
-$1,441
Cashflow
Cash Flow
$3,115 income − $4,556 expenses = $1,441 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,836
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,115
Total Expenses
$4,556
Mortgage P&I
98%
$3,047
Property Taxes
16%
$490
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0