This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $126k initial cash invested.
-15.5%
Cash On Cash
3.33%
Cap Rate
0.53
DSCR
$2,705
Rent
-$1,622
Cashflow
Cash Flow
$2,705 income − $4,327 expenses = $1,622 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,705
Total Expenses
$4,327
Mortgage P&I
116%
$3,145
Property Taxes
10%
$271
Home Insurance
8%
$209
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0