This property looks like a bad Long-Term investment with a projected -19.88% first-year return on $123k initial cash invested.
-19.88%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$2,111
Rent
-$2,041
Cashflow
Cash Flow
$2,111 income − $4,152 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$4,152
Mortgage P&I
150%
$3,170
Property Taxes
11%
$222
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0