This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $123k initial cash invested.
-12.34%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$3,088
Rent
-$1,261
Cashflow
Cash Flow
$3,088 income − $4,349 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$4,349
Mortgage P&I
104%
$3,203
Property Taxes
4%
$129
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0