This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $124k initial cash invested.
-16.83%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$3,030
Rent
-$1,740
Cashflow
Cash Flow
$3,030 income − $4,770 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,030
Total Expenses
$4,770
Mortgage P&I
105%
$3,183
Property Taxes
19%
$582
Home Insurance
7%
$216
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0