This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $122k initial cash invested.
-19.72%
Cash On Cash
2.88%
Cap Rate
0.43
DSCR
$2,721
Rent
-$2,010
Cashflow
Cash Flow
$2,721 income − $4,731 expenses = $2,010 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,721
Total Expenses
$4,731
Mortgage P&I
120%
$3,272
Property Taxes
19%
$528
Home Insurance
8%
$224
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0