This property looks like a bad Long-Term investment with a projected -14.99% first-year return on $124k initial cash invested.
-14.99%
Cash On Cash
3.58%
Cap Rate
0.56
DSCR
$2,846
Rent
-$1,547
Cashflow
Cash Flow
$2,846 income − $4,393 expenses = $1,547 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,846
Total Expenses
$4,393
Mortgage P&I
111%
$3,165
Property Taxes
7%
$199
Home Insurance
7%
$206
HOA
3%
$83
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0