This property looks like a bad Long-Term investment with a projected -15.39% first-year return on $124k initial cash invested.
-15.39%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$3,109
Rent
-$1,588
Cashflow
Cash Flow
$3,109 income − $4,697 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,109
Total Expenses
$4,697
Mortgage P&I
105%
$3,259
Property Taxes
14%
$424
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$187
Maintenance
5%
$155
Other
0%
$0