This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $123k initial cash invested.
-16.35%
Cash On Cash
3.16%
Cap Rate
0.5
DSCR
$2,851
Rent
-$1,670
Cashflow
Cash Flow
$2,851 income − $4,521 expenses = $1,670 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,851
Total Expenses
$4,521
Mortgage P&I
107%
$3,064
Property Taxes
18%
$510
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0