This property looks like a bad Long-Term investment with a projected -17.74% first-year return on $124k initial cash invested.
-17.74%
Cash On Cash
2.59%
Cap Rate
0.43
DSCR
$2,596
Rent
-$1,829
Cashflow
Cash Flow
$2,596 income − $4,425 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,596
Total Expenses
$4,425
Mortgage P&I
114%
$2,971
Property Taxes
22%
$568
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0