This property looks like a bad Long-Term investment with a projected -18.49% first-year return on $126k initial cash invested.
-18.49%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$2,995
Rent
-$1,938
Cashflow
Cash Flow
$2,995 income − $4,933 expenses = $1,938 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%
$5,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,995
Total Expenses
$4,933
Mortgage P&I
107%
$3,195
Property Taxes
25%
$748
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0