This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $123k initial cash invested.
-17.02%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$3,350
Rent
-$1,751
Cashflow
Cash Flow
$3,350 income − $5,101 expenses = $1,751 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,350
Total Expenses
$5,101
Mortgage P&I
95%
$3,197
Property Taxes
25%
$822
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0