This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $126k initial cash invested.
-17.99%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$1,865
Rent
-$1,886
Cashflow
Cash Flow
$1,865 income − $3,751 expenses = $1,886 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,865
Total Expenses
$3,751
Mortgage P&I
161%
$2,997
Property Taxes
3%
$60
Home Insurance
11%
$210
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0