This property looks like a bad Long-Term investment with a projected -18.49% first-year return on $127k initial cash invested.
-18.49%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$2,553
Rent
-$1,956
Cashflow
Cash Flow
$2,553 income − $4,509 expenses = $1,956 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,553
Total Expenses
$4,509
Mortgage P&I
129%
$3,300
Property Taxes
9%
$230
Home Insurance
8%
$215
HOA
4%
$100
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0