This property looks like a bad Long-Term investment with a projected -17.23% first-year return on $123k initial cash invested.
-17.23%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$2,445
Rent
-$1,765
Cashflow
Cash Flow
$2,445 income − $4,210 expenses = $1,765 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,445
Total Expenses
$4,210
Mortgage P&I
130%
$3,178
Property Taxes
8%
$187
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0