This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $126k initial cash invested.
-13.24%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$3,983
Rent
-$1,387
Cashflow
Cash Flow
$3,983 income − $5,370 expenses = $1,387 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,987
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,983
Total Expenses
$5,370
Mortgage P&I
82%
$3,250
Property Taxes
22%
$879
Home Insurance
5%
$206
HOA
0%
$0
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0