This property looks like a bad Long-Term investment with a projected -20% first-year return on $127k initial cash invested.
-20%
Cash On Cash
2.39%
Cap Rate
0.38
DSCR
$2,532
Rent
-$2,117
Cashflow
Cash Flow
$2,532 income − $4,649 expenses = $2,117 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,532
Total Expenses
$4,649
Mortgage P&I
126%
$3,195
Property Taxes
23%
$578
Home Insurance
9%
$217
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0