This property looks like a bad Long-Term investment with a projected -16.72% first-year return on $127k initial cash invested.
-16.72%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$2,449
Rent
-$1,766
Cashflow
Cash Flow
$2,449 income − $4,215 expenses = $1,766 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$4,215
Mortgage P&I
133%
$3,256
Property Taxes
4%
$104
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0