This property looks like a bad Long-Term investment with a projected -17.87% first-year return on $127k initial cash invested.
-17.87%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$3,154
Rent
-$1,885
Cashflow
Cash Flow
$3,154 income − $5,039 expenses = $1,885 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,154
Total Expenses
$5,039
Mortgage P&I
104%
$3,295
Property Taxes
21%
$654
Home Insurance
7%
$214
HOA
2%
$56
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0