This property looks like a bad Long-Term investment with a projected -22.27% first-year return on $124k initial cash invested.
-22.27%
Cash On Cash
2.13%
Cap Rate
0.33
DSCR
$2,825
Rent
-$2,306
Cashflow
Cash Flow
$2,825 income − $5,131 expenses = $2,306 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,825
Total Expenses
$5,131
Mortgage P&I
114%
$3,216
Property Taxes
23%
$662
Home Insurance
8%
$224
HOA
10%
$295
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0