This property looks like a bad Long-Term investment with a projected -21.6% first-year return on $127k initial cash invested.
-21.6%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$1,841
Rent
-$2,287
Cashflow
Cash Flow
$1,841 income − $4,128 expenses = $2,287 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%
$6,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,841
Total Expenses
$4,128
Mortgage P&I
181%
$3,326
Property Taxes
5%
$99
Home Insurance
12%
$225
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0