This property looks like a bad Long-Term investment with a projected -20.3% first-year return on $124k initial cash invested.
-20.3%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$2,583
Rent
-$2,098
Cashflow
Cash Flow
$2,583 income − $4,681 expenses = $2,098 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,583
Total Expenses
$4,681
Mortgage P&I
124%
$3,208
Property Taxes
23%
$595
Home Insurance
8%
$207
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0