This property looks like a bad Long-Term investment with a projected -19.07% first-year return on $122k initial cash invested.
-19.07%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$2,265
Rent
-$1,938
Cashflow
Cash Flow
$2,265 income − $4,203 expenses = $1,938 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,265
Total Expenses
$4,203
Mortgage P&I
132%
$2,993
Property Taxes
18%
$416
Home Insurance
9%
$206
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0