This property looks like a bad Long-Term investment with a projected -23.9% first-year return on $122k initial cash invested.
-23.9%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$1,529
Rent
-$2,425
Cashflow
Cash Flow
$1,529 income − $3,954 expenses = $2,425 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,529
Total Expenses
$3,954
Mortgage P&I
207%
$3,164
Property Taxes
12%
$190
Home Insurance
13%
$203
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0