This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $127k initial cash invested.
-12.7%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$3,703
Rent
-$1,348
Cashflow
Cash Flow
$3,703 income − $5,051 expenses = $1,348 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,703
Total Expenses
$5,051
Mortgage P&I
90%
$3,346
Property Taxes
14%
$526
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0