This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $126k initial cash invested.
-13.19%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$3,552
Rent
-$1,388
Cashflow
Cash Flow
$3,552 income − $4,940 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,015
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,552
Total Expenses
$4,940
Mortgage P&I
91%
$3,242
Property Taxes
16%
$564
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0