This property looks like a bad Long-Term investment with a projected -19.29% first-year return on $126k initial cash invested.
-19.29%
Cash On Cash
2.99%
Cap Rate
0.44
DSCR
$2,490
Rent
-$2,019
Cashflow
Cash Flow
$2,490 income − $4,509 expenses = $2,019 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$4,509
Mortgage P&I
136%
$3,387
Property Taxes
10%
$259
Home Insurance
9%
$217
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0