This property looks like a bad Long-Term investment with a projected -15.31% first-year return on $124k initial cash invested.
-15.31%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$3,188
Rent
-$1,583
Cashflow
Cash Flow
$3,188 income − $4,771 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,188
Total Expenses
$4,771
Mortgage P&I
102%
$3,258
Property Taxes
15%
$479
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0