This property looks like a bad Long-Term investment with a projected -20.08% first-year return on $123k initial cash invested.
-20.08%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$2,074
Rent
-$2,056
Cashflow
Cash Flow
$2,074 income − $4,130 expenses = $2,056 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,074
Total Expenses
$4,130
Mortgage P&I
145%
$3,007
Property Taxes
18%
$379
Home Insurance
10%
$205
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0