This property looks like a bad Long-Term investment with a projected -16.65% first-year return on $123k initial cash invested.
-16.65%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$3,317
Rent
-$1,703
Cashflow
Cash Flow
$3,317 income − $5,020 expenses = $1,703 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%
$5,843
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,317
Total Expenses
$5,020
Mortgage P&I
96%
$3,186
Property Taxes
23%
$751
Home Insurance
6%
$210
HOA
0%
$10
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0