This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $123k initial cash invested.
-18.27%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,506
Rent
-$1,870
Cashflow
Cash Flow
$2,506 income − $4,376 expenses = $1,870 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,506
Total Expenses
$4,376
Mortgage P&I
125%
$3,142
Property Taxes
15%
$378
Home Insurance
8%
$205
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0