This property looks like a bad Long-Term investment with a projected -24.76% first-year return on $124k initial cash invested.
-24.76%
Cash On Cash
1.77%
Cap Rate
0.26
DSCR
$2,219
Rent
-$2,563
Cashflow
Cash Flow
$2,219 income − $4,782 expenses = $2,563 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,219
Total Expenses
$4,782
Mortgage P&I
150%
$3,326
Property Taxes
31%
$679
Home Insurance
9%
$200
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0