This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $123k initial cash invested.
-12.17%
Cash On Cash
3.84%
Cap Rate
0.63
DSCR
$3,090
Rent
-$1,246
Cashflow
Cash Flow
$3,090 income − $4,336 expenses = $1,246 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,090
Total Expenses
$4,336
Mortgage P&I
96%
$2,962
Property Taxes
12%
$367
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0