This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $127k initial cash invested.
-13.11%
Cash On Cash
4.01%
Cap Rate
0.63
DSCR
$3,845
Rent
-$1,386
Cashflow
Cash Flow
$3,845 income − $5,231 expenses = $1,386 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,845
Total Expenses
$5,231
Mortgage P&I
83%
$3,210
Property Taxes
21%
$819
Home Insurance
5%
$203
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0