This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $123k initial cash invested.
-19.51%
Cash On Cash
2.99%
Cap Rate
0.44
DSCR
$3,581
Rent
-$2,005
Cashflow
Cash Flow
$3,581 income − $5,586 expenses = $2,005 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,872
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,581
Total Expenses
$5,586
Mortgage P&I
92%
$3,289
Property Taxes
32%
$1,156
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0