This property looks like a bad Long-Term investment with a projected -19.89% first-year return on $127k initial cash invested.
-19.89%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$2,663
Rent
-$2,097
Cashflow
Cash Flow
$2,663 income − $4,760 expenses = $2,097 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$120k
Closing costs
1%
$6,024
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,663
Total Expenses
$4,760
Mortgage P&I
122%
$3,238
Property Taxes
23%
$613
Home Insurance
8%
$217
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0