This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $122k initial cash invested.
-19.98%
Cash On Cash
2.64%
Cap Rate
0.4
DSCR
$2,570
Rent
-$2,034
Cashflow
Cash Flow
$2,570 income − $4,604 expenses = $2,034 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,817
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,570
Total Expenses
$4,604
Mortgage P&I
124%
$3,188
Property Taxes
21%
$539
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0