This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $124k initial cash invested.
-12.97%
Cash On Cash
3.57%
Cap Rate
0.59
DSCR
$2,800
Rent
-$1,341
Cashflow
Cash Flow
$2,800 income − $4,141 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,800
Total Expenses
$4,141
Mortgage P&I
106%
$2,960
Property Taxes
9%
$246
Home Insurance
7%
$207
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0