This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $126k initial cash invested.
-10.61%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$3,741
Rent
-$1,115
Cashflow
Cash Flow
$3,741 income − $4,856 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$120k
Closing costs
1%
$6,005
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,741
Total Expenses
$4,856
Mortgage P&I
86%
$3,201
Property Taxes
13%
$473
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0