This property looks like a bad Long-Term investment with a projected -17.17% first-year return on $126k initial cash invested.
-17.17%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,236
Rent
-$1,800
Cashflow
Cash Flow
$3,236 income − $5,036 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,236
Total Expenses
$5,036
Mortgage P&I
102%
$3,292
Property Taxes
21%
$692
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0