This property looks like a bad Long-Term investment with a projected -19.58% first-year return on $122k initial cash invested.
-19.58%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$2,651
Rent
-$1,989
Cashflow
Cash Flow
$2,651 income − $4,640 expenses = $1,989 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,651
Total Expenses
$4,640
Mortgage P&I
119%
$3,161
Property Taxes
22%
$579
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0