This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $126k initial cash invested.
-17.81%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$3,514
Rent
-$1,867
Cashflow
Cash Flow
$3,514 income − $5,381 expenses = $1,867 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,514
Total Expenses
$5,381
Mortgage P&I
92%
$3,238
Property Taxes
29%
$1,019
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0