This property looks like a bad Long-Term investment with a projected -16.99% first-year return on $126k initial cash invested.
-16.99%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$2,131
Rent
-$1,781
Cashflow
Cash Flow
$2,131 income − $3,912 expenses = $1,781 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,131
Total Expenses
$3,912
Mortgage P&I
144%
$3,059
Property Taxes
4%
$88
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0