This property looks like a bad Long-Term investment with a projected -17.35% first-year return on $126k initial cash invested.
-17.35%
Cash On Cash
2.97%
Cap Rate
0.47
DSCR
$2,341
Rent
-$1,817
Cashflow
Cash Flow
$2,341 income − $4,158 expenses = $1,817 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%
$5,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,341
Total Expenses
$4,158
Mortgage P&I
136%
$3,181
Property Taxes
6%
$150
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0