This property looks like a bad Long-Term investment with a projected -19.4% first-year return on $123k initial cash invested.
-19.4%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$2,061
Rent
-$1,986
Cashflow
Cash Flow
$2,061 income − $4,047 expenses = $1,986 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,061
Total Expenses
$4,047
Mortgage P&I
146%
$3,015
Property Taxes
14%
$291
Home Insurance
10%
$205
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0