This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $127k initial cash invested.
-15.77%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$3,509
Rent
-$1,671
Cashflow
Cash Flow
$3,509 income − $5,180 expenses = $1,671 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,509
Total Expenses
$5,180
Mortgage P&I
88%
$3,075
Property Taxes
28%
$981
Home Insurance
6%
$212
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$175
Vacancy
6%
$211
Maintenance
5%
$175
Other
0%
$0