This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $127k initial cash invested.
-16.52%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$3,803
Rent
-$1,743
Cashflow
Cash Flow
$3,803 income − $5,546 expenses = $1,743 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,803
Total Expenses
$5,546
Mortgage P&I
88%
$3,328
Property Taxes
27%
$1,020
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0