This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $126k initial cash invested.
-11.6%
Cash On Cash
3.98%
Cap Rate
0.66
DSCR
$3,516
Rent
-$1,215
Cashflow
Cash Flow
$3,516 income − $4,731 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,516
Total Expenses
$4,731
Mortgage P&I
86%
$3,025
Property Taxes
17%
$582
Home Insurance
6%
$209
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0