This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $124k initial cash invested.
-12.15%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$3,516
Rent
-$1,257
Cashflow
Cash Flow
$3,516 income − $4,773 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,516
Total Expenses
$4,773
Mortgage P&I
91%
$3,207
Property Taxes
13%
$455
Home Insurance
6%
$196
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0