This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $123k initial cash invested.
-16.38%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$3,150
Rent
-$1,686
Cashflow
Cash Flow
$3,150 income − $4,836 expenses = $1,686 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,150
Total Expenses
$4,836
Mortgage P&I
99%
$3,122
Property Taxes
21%
$658
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0