This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $126k initial cash invested.
-14.59%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$3,366
Rent
-$1,529
Cashflow
Cash Flow
$3,366 income − $4,895 expenses = $1,529 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,366
Total Expenses
$4,895
Mortgage P&I
96%
$3,236
Property Taxes
17%
$574
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0