This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $127k initial cash invested.
-14.4%
Cash On Cash
3.69%
Cap Rate
0.58
DSCR
$3,392
Rent
-$1,521
Cashflow
Cash Flow
$3,392 income − $4,913 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,037
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,392
Total Expenses
$4,913
Mortgage P&I
94%
$3,205
Property Taxes
18%
$605
Home Insurance
6%
$220
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0