This property looks like a bad Long-Term investment with a projected -16.93% first-year return on $126k initial cash invested.
-16.93%
Cash On Cash
3.16%
Cap Rate
0.5
DSCR
$3,340
Rent
-$1,775
Cashflow
Cash Flow
$3,340 income − $5,115 expenses = $1,775 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,340
Total Expenses
$5,115
Mortgage P&I
95%
$3,185
Property Taxes
26%
$852
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0