This property looks like a bad Long-Term investment with a projected -19.78% first-year return on $126k initial cash invested.
-19.78%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$2,768
Rent
-$2,079
Cashflow
Cash Flow
$2,768 income − $4,847 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,007
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,768
Total Expenses
$4,847
Mortgage P&I
121%
$3,336
Property Taxes
21%
$575
Home Insurance
8%
$217
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0