This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $124k initial cash invested.
-10.76%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$3,854
Rent
-$1,110
Cashflow
Cash Flow
$3,854 income − $4,964 expenses = $1,110 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%
$5,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,854
Total Expenses
$4,964
Mortgage P&I
78%
$3,023
Property Taxes
19%
$729
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0