This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $124k initial cash invested.
-15.2%
Cash On Cash
3.11%
Cap Rate
0.52
DSCR
$3,220
Rent
-$1,576
Cashflow
Cash Flow
$3,220 income − $4,796 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,220
Total Expenses
$4,796
Mortgage P&I
92%
$2,948
Property Taxes
26%
$853
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0