This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $127k initial cash invested.
-14.4%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$2,818
Rent
-$1,525
Cashflow
Cash Flow
$2,818 income − $4,343 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,818
Total Expenses
$4,343
Mortgage P&I
108%
$3,036
Property Taxes
13%
$362
Home Insurance
8%
$212
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0