This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $126k initial cash invested.
-15.4%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$3,269
Rent
-$1,621
Cashflow
Cash Flow
$3,269 income − $4,890 expenses = $1,621 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,269
Total Expenses
$4,890
Mortgage P&I
99%
$3,226
Property Taxes
18%
$600
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0