This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $127k initial cash invested.
-18.26%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$2,809
Rent
-$1,931
Cashflow
Cash Flow
$2,809 income − $4,740 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,044
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$4,740
Mortgage P&I
116%
$3,257
Property Taxes
19%
$538
Home Insurance
8%
$215
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0