This property looks like a bad Long-Term investment with a projected -21.27% first-year return on $124k initial cash invested.
-21.27%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$2,171
Rent
-$2,192
Cashflow
Cash Flow
$2,171 income − $4,363 expenses = $2,192 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,171
Total Expenses
$4,363
Mortgage P&I
149%
$3,244
Property Taxes
15%
$331
Home Insurance
9%
$206
HOA
1%
$17
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0