This property looks like a bad Long-Term investment with a projected -19.88% first-year return on $127k initial cash invested.
-19.88%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$2,215
Rent
-$2,109
Cashflow
Cash Flow
$2,215 income − $4,324 expenses = $2,109 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,215
Total Expenses
$4,324
Mortgage P&I
151%
$3,336
Property Taxes
9%
$196
Home Insurance
10%
$215
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0