This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $123k initial cash invested.
-15.2%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$3,177
Rent
-$1,556
Cashflow
Cash Flow
$3,177 income − $4,733 expenses = $1,556 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%
$5,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,177
Total Expenses
$4,733
Mortgage P&I
100%
$3,168
Property Taxes
17%
$528
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0