This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $124k initial cash invested.
-16.74%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$2,798
Rent
-$1,727
Cashflow
Cash Flow
$2,798 income − $4,525 expenses = $1,727 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,798
Total Expenses
$4,525
Mortgage P&I
113%
$3,167
Property Taxes
15%
$420
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0