This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $124k initial cash invested.
-15.99%
Cash On Cash
3.01%
Cap Rate
0.5
DSCR
$2,827
Rent
-$1,653
Cashflow
Cash Flow
$2,827 income − $4,480 expenses = $1,653 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,827
Total Expenses
$4,480
Mortgage P&I
106%
$2,995
Property Taxes
19%
$540
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0