This property looks like a bad Long-Term investment with a projected -18.86% first-year return on $122k initial cash invested.
-18.86%
Cash On Cash
2.94%
Cap Rate
0.44
DSCR
$2,239
Rent
-$1,914
Cashflow
Cash Flow
$2,239 income − $4,153 expenses = $1,914 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,239
Total Expenses
$4,153
Mortgage P&I
144%
$3,221
Property Taxes
7%
$147
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0