This property looks like a bad Long-Term investment with a projected -15.82% first-year return on $123k initial cash invested.
-15.82%
Cash On Cash
3.72%
Cap Rate
0.55
DSCR
$2,856
Rent
-$1,619
Cashflow
Cash Flow
$2,856 income − $4,475 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,856
Total Expenses
$4,475
Mortgage P&I
115%
$3,289
Property Taxes
7%
$188
Home Insurance
7%
$210
HOA
2%
$45
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0