This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $126k initial cash invested.
-14.89%
Cash On Cash
3.45%
Cap Rate
0.55
DSCR
$2,817
Rent
-$1,559
Cashflow
Cash Flow
$2,817 income − $4,376 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,817
Total Expenses
$4,376
Mortgage P&I
111%
$3,136
Property Taxes
8%
$220
Home Insurance
9%
$245
HOA
1%
$42
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0