This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $124k initial cash invested.
-11.95%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$3,314
Rent
-$1,234
Cashflow
Cash Flow
$3,314 income − $4,548 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,314
Total Expenses
$4,548
Mortgage P&I
96%
$3,172
Property Taxes
10%
$322
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0