This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $124k initial cash invested.
-13.42%
Cash On Cash
3.84%
Cap Rate
0.61
DSCR
$3,302
Rent
-$1,384
Cashflow
Cash Flow
$3,302 income − $4,686 expenses = $1,384 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,302
Total Expenses
$4,686
Mortgage P&I
94%
$3,104
Property Taxes
16%
$514
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0