This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $126k initial cash invested.
-12.71%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$3,222
Rent
-$1,332
Cashflow
Cash Flow
$3,222 income − $4,554 expenses = $1,332 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
$3,222
Total Expenses
$4,554
Mortgage P&I
94%
$3,038
Property Taxes
15%
$469
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0