This property looks like a bad Long-Term investment with a projected -14.33% first-year return on $123k initial cash invested.
-14.33%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$3,587
Rent
-$1,464
Cashflow
Cash Flow
$3,587 income − $5,051 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,587
Total Expenses
$5,051
Mortgage P&I
86%
$3,083
Property Taxes
23%
$826
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0