This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $127k initial cash invested.
-17.9%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$2,684
Rent
-$1,888
Cashflow
Cash Flow
$2,684 income − $4,572 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,026
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$4,572
Mortgage P&I
121%
$3,236
Property Taxes
15%
$399
Home Insurance
9%
$240
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0