This property looks like a bad Long-Term investment with a projected -21.4% first-year return on $122k initial cash invested.
-21.4%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$2,613
Rent
-$2,184
Cashflow
Cash Flow
$2,613 income − $4,797 expenses = $2,184 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%
$5,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,613
Total Expenses
$4,797
Mortgage P&I
122%
$3,178
Property Taxes
28%
$729
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0