This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $124k initial cash invested.
-14.29%
Cash On Cash
3.66%
Cap Rate
0.58
DSCR
$2,978
Rent
-$1,475
Cashflow
Cash Flow
$2,978 income − $4,453 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,978
Total Expenses
$4,453
Mortgage P&I
105%
$3,124
Property Taxes
12%
$348
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0