This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $126k initial cash invested.
-16.52%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$3,167
Rent
-$1,729
Cashflow
Cash Flow
$3,167 income − $4,896 expenses = $1,729 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,167
Total Expenses
$4,896
Mortgage P&I
104%
$3,291
Property Taxes
18%
$573
Home Insurance
7%
$209
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0