This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $127k initial cash invested.
-11.37%
Cash On Cash
4.09%
Cap Rate
0.67
DSCR
$3,658
Rent
-$1,204
Cashflow
Cash Flow
$3,658 income − $4,862 expenses = $1,204 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,658
Total Expenses
$4,862
Mortgage P&I
84%
$3,083
Property Taxes
17%
$609
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0