This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $126k initial cash invested.
-17.8%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$2,864
Rent
-$1,866
Cashflow
Cash Flow
$2,864 income − $4,730 expenses = $1,866 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
$2,864
Total Expenses
$4,730
Mortgage P&I
114%
$3,266
Property Taxes
18%
$510
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0