This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $126k initial cash invested.
-16.8%
Cash On Cash
3.01%
Cap Rate
0.48
DSCR
$2,296
Rent
-$1,758
Cashflow
Cash Flow
$2,296 income − $4,054 expenses = $1,758 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,296
Total Expenses
$4,054
Mortgage P&I
137%
$3,142
Property Taxes
4%
$82
Home Insurance
10%
$222
HOA
0%
$10
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0