This property looks like a bad Long-Term investment with a projected -19.79% first-year return on $127k initial cash invested.
-19.79%
Cash On Cash
2.18%
Cap Rate
0.35
DSCR
$1,794
Rent
-$2,102
Cashflow
Cash Flow
$1,794 income − $3,896 expenses = $2,102 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,069
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,794
Total Expenses
$3,896
Mortgage P&I
174%
$3,113
Property Taxes
5%
$97
Home Insurance
12%
$219
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0