This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $124k initial cash invested.
-12.12%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$3,685
Rent
-$1,254
Cashflow
Cash Flow
$3,685 income − $4,939 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,685
Total Expenses
$4,939
Mortgage P&I
86%
$3,155
Property Taxes
17%
$617
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0