This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $124k initial cash invested.
-18.66%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$2,098
Rent
-$1,926
Cashflow
Cash Flow
$2,098 income − $4,024 expenses = $1,926 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,098
Total Expenses
$4,024
Mortgage P&I
143%
$3,007
Property Taxes
13%
$265
Home Insurance
10%
$206
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0