This property looks like a bad Long-Term investment with a projected -26.19% first-year return on $123k initial cash invested.
-26.19%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$1,998
Rent
-$2,689
Cashflow
Cash Flow
$1,998 income − $4,687 expenses = $2,689 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$4,687
Mortgage P&I
160%
$3,205
Property Taxes
39%
$770
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0