This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $126k initial cash invested.
-16.06%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$3,119
Rent
-$1,682
Cashflow
Cash Flow
$3,119 income − $4,801 expenses = $1,682 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,119
Total Expenses
$4,801
Mortgage P&I
105%
$3,261
Property Taxes
11%
$331
Home Insurance
7%
$216
HOA
6%
$182
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0