This property looks like a bad Long-Term investment with a projected -20.72% first-year return on $124k initial cash invested.
-20.72%
Cash On Cash
2.27%
Cap Rate
0.36
DSCR
$2,580
Rent
-$2,142
Cashflow
Cash Flow
$2,580 income − $4,722 expenses = $2,142 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,906
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,580
Total Expenses
$4,722
Mortgage P&I
121%
$3,131
Property Taxes
28%
$713
Home Insurance
8%
$207
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0