This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $123k initial cash invested.
-17.72%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$3,095
Rent
-$1,822
Cashflow
Cash Flow
$3,095 income − $4,917 expenses = $1,822 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,877
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,095
Total Expenses
$4,917
Mortgage P&I
103%
$3,202
Property Taxes
23%
$717
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0