This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $123k initial cash invested.
-17.61%
Cash On Cash
3.29%
Cap Rate
0.49
DSCR
$2,640
Rent
-$1,798
Cashflow
Cash Flow
$2,640 income − $4,438 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$4,438
Mortgage P&I
124%
$3,266
Property Taxes
10%
$276
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0