This property looks like a bad Long-Term investment with a projected -18.98% first-year return on $124k initial cash invested.
-18.98%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,179
Rent
-$1,953
Cashflow
Cash Flow
$2,179 income − $4,132 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,179
Total Expenses
$4,132
Mortgage P&I
137%
$2,987
Property Taxes
17%
$368
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0