This property looks like a bad Long-Term investment with a projected -18.39% first-year return on $124k initial cash invested.
-18.39%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$2,653
Rent
-$1,902
Cashflow
Cash Flow
$2,653 income − $4,555 expenses = $1,902 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%
$5,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,653
Total Expenses
$4,555
Mortgage P&I
119%
$3,151
Property Taxes
19%
$504
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0