This property looks like a bad Long-Term investment with a projected -18.46% first-year return on $122k initial cash invested.
-18.46%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,768
Rent
-$1,872
Cashflow
Cash Flow
$2,768 income − $4,640 expenses = $1,872 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,768
Total Expenses
$4,640
Mortgage P&I
115%
$3,172
Property Taxes
20%
$546
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0