This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $126k initial cash invested.
-19.45%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$2,975
Rent
-$2,040
Cashflow
Cash Flow
$2,975 income − $5,015 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,975
Total Expenses
$5,015
Mortgage P&I
110%
$3,271
Property Taxes
26%
$760
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0