This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $127k initial cash invested.
-12.26%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$4,042
Rent
-$1,300
Cashflow
Cash Flow
$4,042 income − $5,342 expenses = $1,300 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,042
Total Expenses
$5,342
Mortgage P&I
82%
$3,309
Property Taxes
19%
$756
Home Insurance
6%
$226
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0