This property looks like a bad Long-Term investment with a projected -20.12% first-year return on $124k initial cash invested.
-20.12%
Cash On Cash
2.53%
Cap Rate
0.38
DSCR
$1,864
Rent
-$2,079
Cashflow
Cash Flow
$1,864 income − $3,943 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,864
Total Expenses
$3,943
Mortgage P&I
173%
$3,229
Property Taxes
1%
$13
Home Insurance
12%
$217
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0