This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $123k initial cash invested.
-18.17%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$2,864
Rent
-$1,860
Cashflow
Cash Flow
$2,864 income − $4,724 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,864
Total Expenses
$4,724
Mortgage P&I
112%
$3,212
Property Taxes
20%
$563
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0