This property looks like a bad Long-Term investment with a projected -12.88% first-year return on $126k initial cash invested.
-12.88%
Cash On Cash
3.63%
Cap Rate
0.6
DSCR
$2,626
Rent
-$1,350
Cashflow
Cash Flow
$2,626 income − $3,976 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,626
Total Expenses
$3,976
Mortgage P&I
115%
$3,031
Property Taxes
1%
$32
Home Insurance
8%
$210
HOA
1%
$20
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0