This property looks like a bad Long-Term investment with a projected -20.2% first-year return on $123k initial cash invested.
-20.2%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$3,390
Rent
-$2,068
Cashflow
Cash Flow
$3,390 income − $5,458 expenses = $2,068 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%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,390
Total Expenses
$5,458
Mortgage P&I
95%
$3,214
Property Taxes
31%
$1,067
Home Insurance
6%
$205
HOA
3%
$90
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$203
Maintenance
5%
$170
Other
0%
$0