This property looks like a bad Long-Term investment with a projected -18.72% first-year return on $123k initial cash invested.
-18.72%
Cash On Cash
2.8%
Cap Rate
0.44
DSCR
$3,010
Rent
-$1,926
Cashflow
Cash Flow
$3,010 income − $4,936 expenses = $1,926 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,879
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,010
Total Expenses
$4,936
Mortgage P&I
105%
$3,148
Property Taxes
18%
$552
Home Insurance
7%
$219
HOA
8%
$235
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$181
Maintenance
5%
$150
Other
0%
$0