This property looks like a bad Long-Term investment with a projected -21.51% first-year return on $126k initial cash invested.
-21.51%
Cash On Cash
2.02%
Cap Rate
0.32
DSCR
$2,502
Rent
-$2,255
Cashflow
Cash Flow
$2,502 income − $4,757 expenses = $2,255 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,502
Total Expenses
$4,757
Mortgage P&I
125%
$3,137
Property Taxes
30%
$760
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0