This property looks like a bad Long-Term investment with a projected -16.49% first-year return on $126k initial cash invested.
-16.49%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$3,447
Rent
-$1,727
Cashflow
Cash Flow
$3,447 income − $5,174 expenses = $1,727 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,447
Total Expenses
$5,174
Mortgage P&I
94%
$3,255
Property Taxes
23%
$800
Home Insurance
6%
$210
HOA
0%
$13
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0