This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $122k initial cash invested.
-17.62%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$3,785
Rent
-$1,797
Cashflow
Cash Flow
$3,785 income − $5,582 expenses = $1,797 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,785
Total Expenses
$5,582
Mortgage P&I
83%
$3,126
Property Taxes
15%
$580
Home Insurance
6%
$208
HOA
18%
$685
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0