This property looks like a bad Long-Term investment with a projected -20.41% first-year return on $122k initial cash invested.
-20.41%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$2,093
Rent
-$2,081
Cashflow
Cash Flow
$2,093 income − $4,174 expenses = $2,081 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,825
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$4,174
Mortgage P&I
153%
$3,196
Property Taxes
9%
$190
Home Insurance
10%
$210
HOA
2%
$33
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0