This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $124k initial cash invested.
-15.15%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$3,110
Rent
-$1,564
Cashflow
Cash Flow
$3,110 income − $4,674 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,110
Total Expenses
$4,674
Mortgage P&I
101%
$3,132
Property Taxes
17%
$526
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0