This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $126k initial cash invested.
-15.02%
Cash On Cash
3.43%
Cap Rate
0.55
DSCR
$3,387
Rent
-$1,573
Cashflow
Cash Flow
$3,387 income − $4,960 expenses = $1,573 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,387
Total Expenses
$4,960
Mortgage P&I
92%
$3,115
Property Taxes
22%
$760
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0