This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $123k initial cash invested.
-18.7%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$2,412
Rent
-$1,910
Cashflow
Cash Flow
$2,412 income − $4,322 expenses = $1,910 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%
$5,836
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,412
Total Expenses
$4,322
Mortgage P&I
128%
$3,076
Property Taxes
17%
$408
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0