This property looks like a bad Long-Term investment with a projected -20.85% first-year return on $124k initial cash invested.
-20.85%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$2,598
Rent
-$2,154
Cashflow
Cash Flow
$2,598 income − $4,752 expenses = $2,154 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%
$5,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,598
Total Expenses
$4,752
Mortgage P&I
125%
$3,255
Property Taxes
24%
$611
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0