This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $124k initial cash invested.
-16.16%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$3,802
Rent
-$1,670
Cashflow
Cash Flow
$3,802 income − $5,472 expenses = $1,670 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,802
Total Expenses
$5,472
Mortgage P&I
86%
$3,280
Property Taxes
26%
$976
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0