This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $127k initial cash invested.
-14.94%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$4,243
Rent
-$1,582
Cashflow
Cash Flow
$4,243 income − $5,825 expenses = $1,582 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,243
Total Expenses
$5,825
Mortgage P&I
76%
$3,243
Property Taxes
30%
$1,260
Home Insurance
5%
$219
HOA
0%
$0
Property Management
10%
$424
CapEx
5%
$212
Vacancy
6%
$255
Maintenance
5%
$212
Other
0%
$0