This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $126k initial cash invested.
-16.29%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$3,233
Rent
-$1,714
Cashflow
Cash Flow
$3,233 income − $4,947 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,014
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,233
Total Expenses
$4,947
Mortgage P&I
102%
$3,291
Property Taxes
19%
$600
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0