This property looks like a bad Long-Term investment with a projected -14% first-year return on $126k initial cash invested.
-14%
Cash On Cash
4.18%
Cap Rate
0.62
DSCR
$3,887
Rent
-$1,468
Cashflow
Cash Flow
$3,887 income − $5,355 expenses = $1,468 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,887
Total Expenses
$5,355
Mortgage P&I
87%
$3,363
Property Taxes
19%
$741
Home Insurance
5%
$210
HOA
1%
$31
Property Management
10%
$389
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0