This property looks like a bad Long-Term investment with a projected -17.66% first-year return on $123k initial cash invested.
-17.66%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,869
Rent
-$1,808
Cashflow
Cash Flow
$2,869 income − $4,677 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,869
Total Expenses
$4,677
Mortgage P&I
113%
$3,235
Property Taxes
17%
$492
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0