This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $126k initial cash invested.
-12.84%
Cash On Cash
4.01%
Cap Rate
0.63
DSCR
$3,567
Rent
-$1,352
Cashflow
Cash Flow
$3,567 income − $4,919 expenses = $1,352 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,018
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,567
Total Expenses
$4,919
Mortgage P&I
89%
$3,185
Property Taxes
17%
$597
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0