This property looks like a bad Long-Term investment with a projected -18.28% first-year return on $124k initial cash invested.
-18.28%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,730
Rent
-$1,887
Cashflow
Cash Flow
$2,730 income − $4,617 expenses = $1,887 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%
$5,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,730
Total Expenses
$4,617
Mortgage P&I
116%
$3,162
Property Taxes
20%
$538
Home Insurance
8%
$208
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0