This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $123k initial cash invested.
-19.86%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$2,483
Rent
-$2,041
Cashflow
Cash Flow
$2,483 income − $4,524 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,483
Total Expenses
$4,524
Mortgage P&I
130%
$3,230
Property Taxes
17%
$430
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0