This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $126k initial cash invested.
-15.92%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$3,399
Rent
-$1,675
Cashflow
Cash Flow
$3,399 income − $5,074 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,012
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,399
Total Expenses
$5,074
Mortgage P&I
94%
$3,203
Property Taxes
22%
$759
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0