This property looks like a bad Long-Term investment with a projected -19.38% first-year return on $123k initial cash invested.
-19.38%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$1,689
Rent
-$1,984
Cashflow
Cash Flow
$1,689 income − $3,673 expenses = $1,984 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,689
Total Expenses
$3,673
Mortgage P&I
179%
$3,028
Property Taxes
0%
$2
Home Insurance
12%
$205
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0