This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $127k initial cash invested.
-14.91%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$3,384
Rent
-$1,573
Cashflow
Cash Flow
$3,384 income − $4,957 expenses = $1,573 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,384
Total Expenses
$4,957
Mortgage P&I
98%
$3,300
Property Taxes
16%
$556
Home Insurance
7%
$222
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0