This property looks like a bad Long-Term investment with a projected -24.78% first-year return on $122k initial cash invested.
-24.78%
Cash On Cash
1.63%
Cap Rate
0.25
DSCR
$2,942
Rent
-$2,511
Cashflow
Cash Flow
$2,942 income − $5,453 expenses = $2,511 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,942
Total Expenses
$5,453
Mortgage P&I
107%
$3,152
Property Taxes
42%
$1,234
Home Insurance
7%
$203
HOA
3%
$99
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0