This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $126k initial cash invested.
-15.18%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$3,016
Rent
-$1,591
Cashflow
Cash Flow
$3,016 income − $4,607 expenses = $1,591 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%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,016
Total Expenses
$4,607
Mortgage P&I
106%
$3,187
Property Taxes
14%
$425
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0