This property looks like a bad Long-Term investment with a projected -21.39% first-year return on $126k initial cash invested.
-21.39%
Cash On Cash
1.99%
Cap Rate
0.32
DSCR
$1,712
Rent
-$2,242
Cashflow
Cash Flow
$1,712 income − $3,954 expenses = $2,242 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,712
Total Expenses
$3,954
Mortgage P&I
184%
$3,151
Property Taxes
9%
$147
Home Insurance
12%
$210
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0