This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $124k initial cash invested.
-21.3%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$3,304
Rent
-$2,197
Cashflow
Cash Flow
$3,304 income − $5,501 expenses = $2,197 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,304
Total Expenses
$5,501
Mortgage P&I
98%
$3,249
Property Taxes
20%
$673
Home Insurance
6%
$210
HOA
15%
$511
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0