This property looks like a bad Long-Term investment with a projected -16.64% first-year return on $126k initial cash invested.
-16.64%
Cash On Cash
3.62%
Cap Rate
0.54
DSCR
$3,525
Rent
-$1,744
Cashflow
Cash Flow
$3,525 income − $5,269 expenses = $1,744 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,525
Total Expenses
$5,269
Mortgage P&I
96%
$3,374
Property Taxes
22%
$764
Home Insurance
6%
$215
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0