This property looks like a bad Long-Term investment with a projected -19.4% first-year return on $122k initial cash invested.
-19.4%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$3,280
Rent
-$1,969
Cashflow
Cash Flow
$3,280 income − $5,249 expenses = $1,969 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,280
Total Expenses
$5,249
Mortgage P&I
95%
$3,132
Property Taxes
30%
$978
Home Insurance
6%
$203
HOA
3%
$83
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0