This property looks like a bad Long-Term investment with a projected -20.37% first-year return on $126k initial cash invested.
-20.37%
Cash On Cash
2.14%
Cap Rate
0.34
DSCR
$2,069
Rent
-$2,132
Cashflow
Cash Flow
$2,069 income − $4,201 expenses = $2,132 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,981
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,069
Total Expenses
$4,201
Mortgage P&I
150%
$3,095
Property Taxes
17%
$352
Home Insurance
10%
$217
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0