This property looks like a bad Long-Term investment with a projected -24.97% first-year return on $126k initial cash invested.
-24.97%
Cash On Cash
1.42%
Cap Rate
0.22
DSCR
$2,494
Rent
-$2,615
Cashflow
Cash Flow
$2,494 income − $5,109 expenses = $2,615 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%
$5,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$5,109
Mortgage P&I
128%
$3,200
Property Taxes
35%
$880
Home Insurance
9%
$215
HOA
7%
$165
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0