This property looks like a bad Long-Term investment with a projected -17.48% first-year return on $123k initial cash invested.
-17.48%
Cash On Cash
2.71%
Cap Rate
0.45
DSCR
$3,266
Rent
-$1,797
Cashflow
Cash Flow
$3,266 income − $5,063 expenses = $1,797 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,266
Total Expenses
$5,063
Mortgage P&I
91%
$2,961
Property Taxes
28%
$926
Home Insurance
6%
$206
HOA
4%
$121
Property Management
10%
$327
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0