This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $123k initial cash invested.
-17.81%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$3,295
Rent
-$1,818
Cashflow
Cash Flow
$3,295 income − $5,113 expenses = $1,818 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,834
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,295
Total Expenses
$5,113
Mortgage P&I
96%
$3,178
Property Taxes
17%
$560
Home Insurance
6%
$206
HOA
9%
$311
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0