This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $123k initial cash invested.
-15.62%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$3,050
Rent
-$1,599
Cashflow
Cash Flow
$3,050 income − $4,649 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,050
Total Expenses
$4,649
Mortgage P&I
104%
$3,160
Property Taxes
16%
$475
Home Insurance
7%
$222
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0