This property looks like a bad Long-Term investment with a projected -18.72% first-year return on $122k initial cash invested.
-18.72%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,318
Rent
-$1,897
Cashflow
Cash Flow
$2,318 income − $4,215 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$4,215
Mortgage P&I
136%
$3,150
Property Taxes
11%
$259
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0