This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $123k initial cash invested.
-14.23%
Cash On Cash
4.08%
Cap Rate
0.61
DSCR
$3,803
Rent
-$1,456
Cashflow
Cash Flow
$3,803 income − $5,259 expenses = $1,456 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,803
Total Expenses
$5,259
Mortgage P&I
86%
$3,253
Property Taxes
15%
$585
Home Insurance
6%
$210
HOA
6%
$223
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0