This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $126k initial cash invested.
-10.69%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$4,044
Rent
-$1,121
Cashflow
Cash Flow
$4,044 income − $5,165 expenses = $1,121 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,044
Total Expenses
$5,165
Mortgage P&I
76%
$3,058
Property Taxes
16%
$666
Home Insurance
5%
$210
HOA
4%
$180
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0