This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $124k initial cash invested.
-10.98%
Cash On Cash
3.99%
Cap Rate
0.67
DSCR
$3,102
Rent
-$1,136
Cashflow
Cash Flow
$3,102 income − $4,238 expenses = $1,136 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,102
Total Expenses
$4,238
Mortgage P&I
95%
$2,948
Property Taxes
8%
$256
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0