This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $127k initial cash invested.
-16.42%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$3,530
Rent
-$1,739
Cashflow
Cash Flow
$3,530 income − $5,269 expenses = $1,739 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,530
Total Expenses
$5,269
Mortgage P&I
91%
$3,201
Property Taxes
26%
$932
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0