This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $123k initial cash invested.
-15.24%
Cash On Cash
3.43%
Cap Rate
0.54
DSCR
$2,952
Rent
-$1,564
Cashflow
Cash Flow
$2,952 income − $4,516 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,952
Total Expenses
$4,516
Mortgage P&I
105%
$3,092
Property Taxes
15%
$446
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0