This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $126k initial cash invested.
-19.04%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$3,097
Rent
-$1,996
Cashflow
Cash Flow
$3,097 income − $5,093 expenses = $1,996 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
$3,097
Total Expenses
$5,093
Mortgage P&I
105%
$3,265
Property Taxes
25%
$783
Home Insurance
7%
$210
HOA
1%
$29
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0