This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $123k initial cash invested.
-18.32%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$2,939
Rent
-$1,872
Cashflow
Cash Flow
$2,939 income − $4,811 expenses = $1,872 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,939
Total Expenses
$4,811
Mortgage P&I
105%
$3,072
Property Taxes
26%
$765
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0