This property looks like a bad Long-Term investment with a projected -19.69% first-year return on $123k initial cash invested.
-19.69%
Cash On Cash
2.59%
Cap Rate
0.4
DSCR
$2,319
Rent
-$2,017
Cashflow
Cash Flow
$2,319 income − $4,336 expenses = $2,017 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,854
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$4,336
Mortgage P&I
137%
$3,166
Property Taxes
15%
$357
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0