This property looks like a bad Long-Term investment with a projected -21.06% first-year return on $126k initial cash invested.
-21.06%
Cash On Cash
2.27%
Cap Rate
0.35
DSCR
$2,162
Rent
-$2,219
Cashflow
Cash Flow
$2,162 income − $4,381 expenses = $2,219 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$4,381
Mortgage P&I
150%
$3,251
Property Taxes
15%
$332
Home Insurance
11%
$236
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0