This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $126k initial cash invested.
-15.97%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$3,140
Rent
-$1,672
Cashflow
Cash Flow
$3,140 income − $4,812 expenses = $1,672 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,140
Total Expenses
$4,812
Mortgage P&I
102%
$3,214
Property Taxes
18%
$563
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0