This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $126k initial cash invested.
-21.3%
Cash On Cash
2.16%
Cap Rate
0.34
DSCR
$2,359
Rent
-$2,233
Cashflow
Cash Flow
$2,359 income − $4,592 expenses = $2,233 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
$2,359
Total Expenses
$4,592
Mortgage P&I
135%
$3,194
Property Taxes
24%
$574
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0