This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $124k initial cash invested.
-18.19%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$2,839
Rent
-$1,885
Cashflow
Cash Flow
$2,839 income − $4,724 expenses = $1,885 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,839
Total Expenses
$4,724
Mortgage P&I
110%
$3,132
Property Taxes
23%
$646
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0