This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $127k initial cash invested.
-12.6%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$4,039
Rent
-$1,334
Cashflow
Cash Flow
$4,039 income − $5,373 expenses = $1,334 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,039
Total Expenses
$5,373
Mortgage P&I
81%
$3,286
Property Taxes
13%
$525
Home Insurance
5%
$210
HOA
7%
$302
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0