This property looks like a bad Long-Term investment with a projected -15.07% first-year return on $126k initial cash invested.
-15.07%
Cash On Cash
3.33%
Cap Rate
0.53
DSCR
$2,727
Rent
-$1,580
Cashflow
Cash Flow
$2,727 income − $4,307 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,727
Total Expenses
$4,307
Mortgage P&I
114%
$3,104
Property Taxes
10%
$284
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0