This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $126k initial cash invested.
-15.48%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$2,879
Rent
-$1,623
Cashflow
Cash Flow
$2,879 income − $4,502 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,879
Total Expenses
$4,502
Mortgage P&I
111%
$3,205
Property Taxes
12%
$338
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0