This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $127k initial cash invested.
-13.84%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$3,022
Rent
-$1,461
Cashflow
Cash Flow
$3,022 income − $4,483 expenses = $1,461 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,022
Total Expenses
$4,483
Mortgage P&I
103%
$3,105
Property Taxes
12%
$376
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0