This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $124k initial cash invested.
-14.7%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$2,936
Rent
-$1,518
Cashflow
Cash Flow
$2,936 income − $4,454 expenses = $1,518 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%
$5,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,936
Total Expenses
$4,454
Mortgage P&I
108%
$3,168
Property Taxes
9%
$270
Home Insurance
7%
$210
HOA
1%
$42
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0