This property looks like a bad Long-Term investment with a projected -18.67% first-year return on $126k initial cash invested.
-18.67%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$2,759
Rent
-$1,954
Cashflow
Cash Flow
$2,759 income − $4,713 expenses = $1,954 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,759
Total Expenses
$4,713
Mortgage P&I
117%
$3,223
Property Taxes
20%
$563
Home Insurance
8%
$209
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0