This property looks like a bad Long-Term investment with a projected -20.31% first-year return on $124k initial cash invested.
-20.31%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$2,668
Rent
-$2,099
Cashflow
Cash Flow
$2,668 income − $4,767 expenses = $2,099 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%
$5,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,668
Total Expenses
$4,767
Mortgage P&I
118%
$3,140
Property Taxes
17%
$465
Home Insurance
8%
$208
HOA
10%
$261
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0