This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $126k initial cash invested.
-14.21%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$3,413
Rent
-$1,490
Cashflow
Cash Flow
$3,413 income − $4,903 expenses = $1,490 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
$3,413
Total Expenses
$4,903
Mortgage P&I
94%
$3,221
Property Taxes
17%
$584
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0