This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $124k initial cash invested.
-18.56%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$3,217
Rent
-$1,918
Cashflow
Cash Flow
$3,217 income − $5,135 expenses = $1,918 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,217
Total Expenses
$5,135
Mortgage P&I
100%
$3,219
Property Taxes
27%
$872
Home Insurance
6%
$207
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0