This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $123k initial cash invested.
-16.74%
Cash On Cash
3.01%
Cap Rate
0.48
DSCR
$2,802
Rent
-$1,719
Cashflow
Cash Flow
$2,802 income − $4,521 expenses = $1,719 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,802
Total Expenses
$4,521
Mortgage P&I
109%
$3,051
Property Taxes
19%
$536
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0