This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $124k initial cash invested.
-13.3%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$3,561
Rent
-$1,370
Cashflow
Cash Flow
$3,561 income − $4,931 expenses = $1,370 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,561
Total Expenses
$4,931
Mortgage P&I
89%
$3,176
Property Taxes
17%
$605
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0