This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $127k initial cash invested.
-19.34%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,866
Rent
-$2,053
Cashflow
Cash Flow
$2,866 income − $4,919 expenses = $2,053 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,866
Total Expenses
$4,919
Mortgage P&I
115%
$3,296
Property Taxes
22%
$638
Home Insurance
8%
$240
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0