This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $123k initial cash invested.
-19.49%
Cash On Cash
2.18%
Cap Rate
0.36
DSCR
$2,173
Rent
-$1,995
Cashflow
Cash Flow
$2,173 income − $4,168 expenses = $1,995 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,173
Total Expenses
$4,168
Mortgage P&I
136%
$2,949
Property Taxes
20%
$444
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0