This property looks like a bad Long-Term investment with a projected -26.99% first-year return on $124k initial cash invested.
-26.99%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$1,255
Rent
-$2,786
Cashflow
Cash Flow
$1,255 income − $4,041 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,255
Total Expenses
$4,041
Mortgage P&I
255%
$3,204
Property Taxes
24%
$304
Home Insurance
16%
$206
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0