This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $126k initial cash invested.
-18.21%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$2,897
Rent
-$1,909
Cashflow
Cash Flow
$2,897 income − $4,806 expenses = $1,909 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
$2,897
Total Expenses
$4,806
Mortgage P&I
113%
$3,265
Property Taxes
19%
$564
Home Insurance
7%
$210
HOA
0%
$13
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0