This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $124k initial cash invested.
-12.98%
Cash On Cash
3.9%
Cap Rate
0.63
DSCR
$4,033
Rent
-$1,339
Cashflow
Cash Flow
$4,033 income − $5,372 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,033
Total Expenses
$5,372
Mortgage P&I
76%
$3,052
Property Taxes
26%
$1,052
Home Insurance
5%
$210
HOA
0%
$9
Property Management
10%
$403
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0