This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $123k initial cash invested.
-16.7%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$2,541
Rent
-$1,711
Cashflow
Cash Flow
$2,541 income − $4,252 expenses = $1,711 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,541
Total Expenses
$4,252
Mortgage P&I
127%
$3,220
Property Taxes
7%
$166
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0