This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $126k initial cash invested.
-15.18%
Cash On Cash
3.05%
Cap Rate
0.51
DSCR
$2,525
Rent
-$1,600
Cashflow
Cash Flow
$2,525 income − $4,125 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,022
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,525
Total Expenses
$4,125
Mortgage P&I
119%
$3,004
Property Taxes
2%
$39
Home Insurance
8%
$211
HOA
9%
$215
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0