This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $123k initial cash invested.
-18.19%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$2,688
Rent
-$1,869
Cashflow
Cash Flow
$2,688 income − $4,557 expenses = $1,869 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,688
Total Expenses
$4,557
Mortgage P&I
116%
$3,116
Property Taxes
20%
$542
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0