This property looks like a bad Long-Term investment with a projected -25.26% first-year return on $123k initial cash invested.
-25.26%
Cash On Cash
1.47%
Cap Rate
0.22
DSCR
$2,282
Rent
-$2,586
Cashflow
Cash Flow
$2,282 income − $4,868 expenses = $2,586 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%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,282
Total Expenses
$4,868
Mortgage P&I
140%
$3,189
Property Taxes
39%
$881
Home Insurance
9%
$205
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0