This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $124k initial cash invested.
-16.09%
Cash On Cash
3.04%
Cap Rate
0.49
DSCR
$2,379
Rent
-$1,658
Cashflow
Cash Flow
$2,379 income − $4,037 expenses = $1,658 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%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,379
Total Expenses
$4,037
Mortgage P&I
127%
$3,030
Property Taxes
7%
$178
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0