This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $127k initial cash invested.
-16.57%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$2,809
Rent
-$1,753
Cashflow
Cash Flow
$2,809 income − $4,562 expenses = $1,753 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%
$6,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$4,562
Mortgage P&I
110%
$3,090
Property Taxes
18%
$518
Home Insurance
8%
$215
HOA
0%
$9
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0