This property looks like a bad Long-Term investment with a projected -18.61% first-year return on $123k initial cash invested.
-18.61%
Cash On Cash
2.47%
Cap Rate
0.41
DSCR
$3,555
Rent
-$1,915
Cashflow
Cash Flow
$3,555 income − $5,470 expenses = $1,915 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,555
Total Expenses
$5,470
Mortgage P&I
83%
$2,946
Property Taxes
39%
$1,393
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0