This property looks like a bad Long-Term investment with a projected -21.82% first-year return on $126k initial cash invested.
-21.82%
Cash On Cash
1.64%
Cap Rate
0.27
DSCR
$1,992
Rent
-$2,298
Cashflow
Cash Flow
$1,992 income − $4,290 expenses = $2,298 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,019
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,992
Total Expenses
$4,290
Mortgage P&I
152%
$3,020
Property Taxes
27%
$531
Home Insurance
11%
$220
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0