This property looks like a bad Long-Term investment with a projected -15.31% first-year return on $126k initial cash invested.
-15.31%
Cash On Cash
3.11%
Cap Rate
0.52
DSCR
$3,102
Rent
-$1,606
Cashflow
Cash Flow
$3,102 income − $4,708 expenses = $1,606 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,102
Total Expenses
$4,708
Mortgage P&I
97%
$3,005
Property Taxes
22%
$687
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0