This property looks like a bad Long-Term investment with a projected -17.87% first-year return on $124k initial cash invested.
-17.87%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$3,028
Rent
-$1,849
Cashflow
Cash Flow
$3,028 income − $4,877 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,028
Total Expenses
$4,877
Mortgage P&I
105%
$3,165
Property Taxes
18%
$560
Home Insurance
7%
$210
HOA
5%
$155
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0