This property looks like a bad Long-Term investment with a projected -24.53% first-year return on $122k initial cash invested.
-24.53%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$2,063
Rent
-$2,494
Cashflow
Cash Flow
$2,063 income − $4,557 expenses = $2,494 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$4,557
Mortgage P&I
149%
$3,071
Property Taxes
36%
$740
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0