This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $123k initial cash invested.
-16.63%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,642
Rent
-$1,702
Cashflow
Cash Flow
$2,642 income − $4,344 expenses = $1,702 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%
$5,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,642
Total Expenses
$4,344
Mortgage P&I
121%
$3,198
Property Taxes
9%
$232
Home Insurance
8%
$210
HOA
1%
$17
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0