This property looks like a bad Long-Term investment with a projected -17.85% first-year return on $122k initial cash invested.
-17.85%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,330
Rent
-$1,821
Cashflow
Cash Flow
$2,330 income − $4,151 expenses = $1,821 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,330
Total Expenses
$4,151
Mortgage P&I
133%
$3,098
Property Taxes
10%
$238
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0