This property looks like a bad Long-Term investment with a projected -22.61% first-year return on $122k initial cash invested.
-22.61%
Cash On Cash
2.09%
Cap Rate
0.32
DSCR
$2,145
Rent
-$2,304
Cashflow
Cash Flow
$2,145 income − $4,449 expenses = $2,304 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,145
Total Expenses
$4,449
Mortgage P&I
150%
$3,211
Property Taxes
22%
$469
Home Insurance
10%
$212
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0