This property looks like a bad Long-Term investment with a projected -17.12% first-year return on $124k initial cash invested.
-17.12%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$2,673
Rent
-$1,763
Cashflow
Cash Flow
$2,673 income − $4,436 expenses = $1,763 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,673
Total Expenses
$4,436
Mortgage P&I
119%
$3,171
Property Taxes
14%
$367
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0