This property looks like a bad Long-Term investment with a projected -20.1% first-year return on $127k initial cash invested.
-20.1%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$1,953
Rent
-$2,124
Cashflow
Cash Flow
$1,953 income − $4,077 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,039
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$4,077
Mortgage P&I
156%
$3,038
Property Taxes
16%
$307
Home Insurance
11%
$224
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0