This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $124k initial cash invested.
-11.18%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$3,336
Rent
-$1,157
Cashflow
Cash Flow
$3,336 income − $4,493 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,336
Total Expenses
$4,493
Mortgage P&I
94%
$3,130
Property Taxes
9%
$285
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0