This property looks like a bad Long-Term investment with a projected -16.31% first-year return on $126k initial cash invested.
-16.31%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$3,364
Rent
-$1,718
Cashflow
Cash Flow
$3,364 income − $5,082 expenses = $1,718 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,364
Total Expenses
$5,082
Mortgage P&I
94%
$3,169
Property Taxes
23%
$759
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0