This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $124k initial cash invested.
-15.95%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$3,068
Rent
-$1,652
Cashflow
Cash Flow
$3,068 income − $4,720 expenses = $1,652 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,919
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,068
Total Expenses
$4,720
Mortgage P&I
102%
$3,142
Property Taxes
17%
$530
Home Insurance
7%
$208
HOA
1%
$43
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0