This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $122k initial cash invested.
-15.79%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$2,819
Rent
-$1,609
Cashflow
Cash Flow
$2,819 income − $4,428 expenses = $1,609 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,819
Total Expenses
$4,428
Mortgage P&I
109%
$3,060
Property Taxes
15%
$435
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0