This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $127k initial cash invested.
-16.3%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$2,494
Rent
-$1,724
Cashflow
Cash Flow
$2,494 income − $4,218 expenses = $1,724 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$4,218
Mortgage P&I
125%
$3,105
Property Taxes
8%
$199
Home Insurance
8%
$198
HOA
3%
$67
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0