This property looks like a bad Long-Term investment with a projected -17.27% first-year return on $122k initial cash invested.
-17.27%
Cash On Cash
2.61%
Cap Rate
0.43
DSCR
$1,934
Rent
-$1,759
Cashflow
Cash Flow
$1,934 income − $3,693 expenses = $1,759 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,934
Total Expenses
$3,693
Mortgage P&I
151%
$2,927
Property Taxes
3%
$55
Home Insurance
11%
$208
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0