This property looks like a bad Long-Term investment with a projected -20.91% first-year return on $123k initial cash invested.
-20.91%
Cash On Cash
1.88%
Cap Rate
0.31
DSCR
$1,815
Rent
-$2,135
Cashflow
Cash Flow
$1,815 income − $3,950 expenses = $2,135 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$3,950
Mortgage P&I
163%
$2,956
Property Taxes
17%
$312
Home Insurance
12%
$209
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0