This property looks like a bad Long-Term investment with a projected -18.69% first-year return on $124k initial cash invested.
-18.69%
Cash On Cash
2.69%
Cap Rate
0.43
DSCR
$2,920
Rent
-$1,927
Cashflow
Cash Flow
$2,920 income − $4,847 expenses = $1,927 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,920
Total Expenses
$4,847
Mortgage P&I
106%
$3,099
Property Taxes
25%
$741
Home Insurance
7%
$206
HOA
1%
$42
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0