This property looks like a bad Long-Term investment with a projected -20.17% first-year return on $126k initial cash invested.
-20.17%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$2,597
Rent
-$2,111
Cashflow
Cash Flow
$2,597 income − $4,708 expenses = $2,111 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
$2,597
Total Expenses
$4,708
Mortgage P&I
124%
$3,220
Property Taxes
23%
$603
Home Insurance
8%
$209
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0