This property looks like a bad Long-Term investment with a projected -19.83% first-year return on $124k initial cash invested.
-19.83%
Cash On Cash
2.57%
Cap Rate
0.4
DSCR
$2,584
Rent
-$2,047
Cashflow
Cash Flow
$2,584 income − $4,631 expenses = $2,047 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,584
Total Expenses
$4,631
Mortgage P&I
123%
$3,179
Property Taxes
22%
$575
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0