This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $126k initial cash invested.
-16.21%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$3,706
Rent
-$1,696
Cashflow
Cash Flow
$3,706 income − $5,402 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,706
Total Expenses
$5,402
Mortgage P&I
89%
$3,307
Property Taxes
25%
$922
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0