This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $122k initial cash invested.
-19.05%
Cash On Cash
2.58%
Cap Rate
0.41
DSCR
$2,168
Rent
-$1,933
Cashflow
Cash Flow
$2,168 income − $4,101 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,168
Total Expenses
$4,101
Mortgage P&I
142%
$3,072
Property Taxes
12%
$263
Home Insurance
9%
$203
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0