This property looks like a bad Long-Term investment with a projected -17.4% first-year return on $126k initial cash invested.
-17.4%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$2,996
Rent
-$1,825
Cashflow
Cash Flow
$2,996 income − $4,821 expenses = $1,825 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$4,821
Mortgage P&I
106%
$3,176
Property Taxes
22%
$660
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0