This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $126k initial cash invested.
-20.4%
Cash On Cash
2.48%
Cap Rate
0.38
DSCR
$2,289
Rent
-$2,150
Cashflow
Cash Flow
$2,289 income − $4,439 expenses = $2,150 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,289
Total Expenses
$4,439
Mortgage P&I
143%
$3,279
Property Taxes
15%
$351
Home Insurance
9%
$215
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0