This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $124k initial cash invested.
-23.97%
Cash On Cash
2%
Cap Rate
0.29
DSCR
$1,834
Rent
-$2,469
Cashflow
Cash Flow
$1,834 income − $4,303 expenses = $2,469 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,834
Total Expenses
$4,303
Mortgage P&I
183%
$3,359
Property Taxes
15%
$275
Home Insurance
10%
$192
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0