This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $124k initial cash invested.
-15.95%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$3,037
Rent
-$1,642
Cashflow
Cash Flow
$3,037 income − $4,679 expenses = $1,642 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,037
Total Expenses
$4,679
Mortgage P&I
104%
$3,150
Property Taxes
17%
$529
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0