This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $124k initial cash invested.
-15.4%
Cash On Cash
3.37%
Cap Rate
0.53
DSCR
$2,933
Rent
-$1,598
Cashflow
Cash Flow
$2,933 income − $4,531 expenses = $1,598 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$119k
Closing costs
1%
$5,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,933
Total Expenses
$4,531
Mortgage P&I
106%
$3,117
Property Taxes
11%
$327
Home Insurance
11%
$324
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0