This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $126k initial cash invested.
-12.09%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$3,471
Rent
-$1,274
Cashflow
Cash Flow
$3,471 income − $4,745 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,471
Total Expenses
$4,745
Mortgage P&I
94%
$3,247
Property Taxes
13%
$438
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0