This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $127k initial cash invested.
-13.39%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$3,355
Rent
-$1,413
Cashflow
Cash Flow
$3,355 income − $4,768 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$127k
Downpayment
20%
$121k
Closing costs
1%
$6,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,355
Total Expenses
$4,768
Mortgage P&I
91%
$3,065
Property Taxes
18%
$620
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0