This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $122k initial cash invested.
-18.08%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$2,538
Rent
-$1,832
Cashflow
Cash Flow
$2,538 income − $4,370 expenses = $1,832 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,789
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,538
Total Expenses
$4,370
Mortgage P&I
124%
$3,136
Property Taxes
14%
$364
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0