This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $126k initial cash invested.
-18.36%
Cash On Cash
2.69%
Cap Rate
0.43
DSCR
$2,392
Rent
-$1,925
Cashflow
Cash Flow
$2,392 income − $4,317 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,392
Total Expenses
$4,317
Mortgage P&I
132%
$3,148
Property Taxes
14%
$336
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0