This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $127k initial cash invested.
-20.9%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,809
Rent
-$2,212
Cashflow
Cash Flow
$2,809 income − $5,021 expenses = $2,212 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,809
Total Expenses
$5,021
Mortgage P&I
118%
$3,301
Property Taxes
32%
$894
Home Insurance
3%
$96
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0