This property looks like a bad Long-Term investment with a projected -20.78% first-year return on $127k initial cash invested.
-20.78%
Cash On Cash
1.91%
Cap Rate
0.31
DSCR
$1,783
Rent
-$2,192
Cashflow
Cash Flow
$1,783 income − $3,975 expenses = $2,192 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$3,975
Mortgage P&I
172%
$3,061
Property Taxes
13%
$236
Home Insurance
12%
$215
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0