This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $122k initial cash invested.
-17.46%
Cash On Cash
2.89%
Cap Rate
0.46
DSCR
$2,388
Rent
-$1,772
Cashflow
Cash Flow
$2,388 income − $4,160 expenses = $1,772 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$4,160
Mortgage P&I
128%
$3,049
Property Taxes
10%
$240
Home Insurance
10%
$245
HOA
0%
$6
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0