This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $122k initial cash invested.
-18.44%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$2,463
Rent
-$1,871
Cashflow
Cash Flow
$2,463 income − $4,334 expenses = $1,871 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,463
Total Expenses
$4,334
Mortgage P&I
127%
$3,133
Property Taxes
15%
$358
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0