This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $124k initial cash invested.
-16.37%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$3,022
Rent
-$1,685
Cashflow
Cash Flow
$3,022 income − $4,707 expenses = $1,685 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,022
Total Expenses
$4,707
Mortgage P&I
105%
$3,177
Property Taxes
18%
$535
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0