This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $126k initial cash invested.
-18.21%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$2,140
Rent
-$1,906
Cashflow
Cash Flow
$2,140 income − $4,046 expenses = $1,906 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,140
Total Expenses
$4,046
Mortgage P&I
142%
$3,043
Property Taxes
11%
$238
Home Insurance
10%
$209
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0