This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $127k initial cash invested.
-13.89%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$3,466
Rent
-$1,470
Cashflow
Cash Flow
$3,466 income − $4,936 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,466
Total Expenses
$4,936
Mortgage P&I
95%
$3,284
Property Taxes
15%
$532
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0