This property looks like a bad Long-Term investment with a projected -20.02% first-year return on $124k initial cash invested.
-20.02%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,909
Rent
-$2,075
Cashflow
Cash Flow
$2,909 income − $4,984 expenses = $2,075 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,909
Total Expenses
$4,984
Mortgage P&I
112%
$3,266
Property Taxes
23%
$664
Home Insurance
7%
$215
HOA
3%
$83
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$175
Maintenance
5%
$145
Other
0%
$0