This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $126k initial cash invested.
-18.96%
Cash On Cash
2.3%
Cap Rate
0.38
DSCR
$2,178
Rent
-$1,988
Cashflow
Cash Flow
$2,178 income − $4,166 expenses = $1,988 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,178
Total Expenses
$4,166
Mortgage P&I
139%
$3,028
Property Taxes
17%
$361
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0