This property looks like a bad Long-Term investment with a projected -18.59% first-year return on $124k initial cash invested.
-18.59%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$2,353
Rent
-$1,919
Cashflow
Cash Flow
$2,353 income − $4,272 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,353
Total Expenses
$4,272
Mortgage P&I
138%
$3,253
Property Taxes
9%
$201
Home Insurance
9%
$206
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0