This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $126k initial cash invested.
-16.06%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$3,445
Rent
-$1,683
Cashflow
Cash Flow
$3,445 income − $5,128 expenses = $1,683 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%
$5,987
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,445
Total Expenses
$5,128
Mortgage P&I
95%
$3,267
Property Taxes
22%
$756
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0