This property looks like a bad Long-Term investment with a projected -21.02% first-year return on $126k initial cash invested.
-21.02%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$1,890
Rent
-$2,212
Cashflow
Cash Flow
$1,890 income − $4,102 expenses = $2,212 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,014
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,890
Total Expenses
$4,102
Mortgage P&I
170%
$3,213
Property Taxes
10%
$180
Home Insurance
12%
$219
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0