This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $127k initial cash invested.
-17.04%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$2,317
Rent
-$1,803
Cashflow
Cash Flow
$2,317 income − $4,120 expenses = $1,803 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,317
Total Expenses
$4,120
Mortgage P&I
133%
$3,076
Property Taxes
10%
$220
Home Insurance
9%
$219
HOA
0%
$2
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0