This property looks like a bad Long-Term investment with a projected -22.37% first-year return on $126k initial cash invested.
-22.37%
Cash On Cash
1.69%
Cap Rate
0.27
DSCR
$1,882
Rent
-$2,351
Cashflow
Cash Flow
$1,882 income − $4,233 expenses = $2,351 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,005
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$4,233
Mortgage P&I
165%
$3,102
Property Taxes
19%
$366
Home Insurance
13%
$247
HOA
2%
$29
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0