This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $126k initial cash invested.
-15.55%
Cash On Cash
3.48%
Cap Rate
0.54
DSCR
$3,179
Rent
-$1,630
Cashflow
Cash Flow
$3,179 income − $4,809 expenses = $1,630 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$5,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,179
Total Expenses
$4,809
Mortgage P&I
101%
$3,207
Property Taxes
18%
$570
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0