This property looks like a bad Long-Term investment with a projected -23.84% first-year return on $122k initial cash invested.
-23.84%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$1,632
Rent
-$2,428
Cashflow
Cash Flow
$1,632 income − $4,060 expenses = $2,428 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%
$5,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,632
Total Expenses
$4,060
Mortgage P&I
197%
$3,210
Property Taxes
14%
$221
Home Insurance
13%
$204
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0