This property looks like a bad Long-Term investment with a projected -25.83% first-year return on $126k initial cash invested.
-25.83%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$1,773
Rent
-$2,708
Cashflow
Cash Flow
$1,773 income − $4,481 expenses = $2,708 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,773
Total Expenses
$4,481
Mortgage P&I
183%
$3,246
Property Taxes
32%
$564
Home Insurance
12%
$210
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0