This property looks like a bad Long-Term investment with a projected -20.58% first-year return on $124k initial cash invested.
-20.58%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$1,968
Rent
-$2,132
Cashflow
Cash Flow
$1,968 income − $4,100 expenses = $2,132 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$4,100
Mortgage P&I
155%
$3,048
Property Taxes
16%
$319
Home Insurance
11%
$222
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0