This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $126k initial cash invested.
-14.22%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$4,036
Rent
-$1,489
Cashflow
Cash Flow
$4,036 income − $5,525 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,036
Total Expenses
$5,525
Mortgage P&I
81%
$3,273
Property Taxes
25%
$992
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0