This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $127k initial cash invested.
-17.34%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$3,519
Rent
-$1,836
Cashflow
Cash Flow
$3,519 income − $5,355 expenses = $1,836 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,519
Total Expenses
$5,355
Mortgage P&I
96%
$3,361
Property Taxes
25%
$867
Home Insurance
6%
$212
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0