This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $122k initial cash invested.
-16.52%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$2,421
Rent
-$1,685
Cashflow
Cash Flow
$2,421 income − $4,106 expenses = $1,685 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,421
Total Expenses
$4,106
Mortgage P&I
124%
$3,012
Property Taxes
10%
$230
Home Insurance
9%
$210
HOA
1%
$25
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0