This property looks like a bad Long-Term investment with a projected -20.12% first-year return on $126k initial cash invested.
-20.12%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$3,210
Rent
-$2,109
Cashflow
Cash Flow
$3,210 income − $5,319 expenses = $2,109 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%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$5,319
Mortgage P&I
101%
$3,236
Property Taxes
18%
$589
Home Insurance
7%
$210
HOA
14%
$450
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0