This property looks like a bad Long-Term investment with a projected -18.61% first-year return on $124k initial cash invested.
-18.61%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$2,889
Rent
-$1,917
Cashflow
Cash Flow
$2,889 income − $4,806 expenses = $1,917 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,889
Total Expenses
$4,806
Mortgage P&I
111%
$3,212
Property Taxes
21%
$604
Home Insurance
7%
$208
HOA
1%
$32
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0