This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $123k initial cash invested.
-16.14%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$3,348
Rent
-$1,649
Cashflow
Cash Flow
$3,348 income − $4,997 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,348
Total Expenses
$4,997
Mortgage P&I
95%
$3,181
Property Taxes
18%
$604
Home Insurance
6%
$217
HOA
4%
$125
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0