This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $127k initial cash invested.
-15.02%
Cash On Cash
3.43%
Cap Rate
0.54
DSCR
$2,680
Rent
-$1,584
Cashflow
Cash Flow
$2,680 income − $4,264 expenses = $1,584 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,027
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$4,264
Mortgage P&I
118%
$3,174
Property Taxes
7%
$192
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0