This property looks like a bad Long-Term investment with a projected -20.99% first-year return on $122k initial cash invested.
-20.99%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$2,671
Rent
-$2,138
Cashflow
Cash Flow
$2,671 income − $4,809 expenses = $2,138 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,671
Total Expenses
$4,809
Mortgage P&I
119%
$3,170
Property Taxes
18%
$476
Home Insurance
14%
$368
HOA
4%
$100
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0