This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $126k initial cash invested.
-19.5%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$3,027
Rent
-$2,044
Cashflow
Cash Flow
$3,027 income − $5,071 expenses = $2,044 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,027
Total Expenses
$5,071
Mortgage P&I
106%
$3,218
Property Taxes
28%
$856
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0