This property looks like a bad Long-Term investment with a projected -17.11% first-year return on $123k initial cash invested.
-17.11%
Cash On Cash
2.84%
Cap Rate
0.46
DSCR
$2,629
Rent
-$1,749
Cashflow
Cash Flow
$2,629 income − $4,378 expenses = $1,749 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,840
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$4,378
Mortgage P&I
114%
$3,000
Property Taxes
17%
$459
Home Insurance
9%
$236
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0