This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $122k initial cash invested.
-18.7%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,745
Rent
-$1,907
Cashflow
Cash Flow
$2,745 income − $4,652 expenses = $1,907 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,745
Total Expenses
$4,652
Mortgage P&I
115%
$3,164
Property Taxes
21%
$565
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0