This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $122k initial cash invested.
-19.34%
Cash On Cash
2.49%
Cap Rate
0.39
DSCR
$2,117
Rent
-$1,963
Cashflow
Cash Flow
$2,117 income − $4,080 expenses = $1,963 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,117
Total Expenses
$4,080
Mortgage P&I
145%
$3,059
Property Taxes
13%
$267
Home Insurance
10%
$203
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0