This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $127k initial cash invested.
-16.8%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$2,326
Rent
-$1,785
Cashflow
Cash Flow
$2,326 income − $4,111 expenses = $1,785 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%
$6,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,326
Total Expenses
$4,111
Mortgage P&I
133%
$3,097
Property Taxes
7%
$152
Home Insurance
10%
$224
HOA
1%
$33
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0