This property looks like a bad Long-Term investment with a projected -21.69% first-year return on $124k initial cash invested.
-21.69%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$2,880
Rent
-$2,237
Cashflow
Cash Flow
$2,880 income − $5,117 expenses = $2,237 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,880
Total Expenses
$5,117
Mortgage P&I
113%
$3,251
Property Taxes
31%
$882
Home Insurance
7%
$210
HOA
1%
$25
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0