This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $126k initial cash invested.
-13.17%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$2,902
Rent
-$1,381
Cashflow
Cash Flow
$2,902 income − $4,283 expenses = $1,381 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,902
Total Expenses
$4,283
Mortgage P&I
110%
$3,179
Property Taxes
5%
$140
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0