This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $124k initial cash invested.
-11.85%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$3,691
Rent
-$1,223
Cashflow
Cash Flow
$3,691 income − $4,914 expenses = $1,223 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,691
Total Expenses
$4,914
Mortgage P&I
84%
$3,091
Property Taxes
18%
$655
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$221
Maintenance
5%
$185
Other
0%
$0