This property looks like a bad Long-Term investment with a projected -19.57% first-year return on $128k initial cash invested.
-19.57%
Cash On Cash
2.41%
Cap Rate
0.38
DSCR
$2,167
Rent
-$2,089
Cashflow
Cash Flow
$2,167 income − $4,256 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,167
Total Expenses
$4,256
Mortgage P&I
148%
$3,205
Property Taxes
13%
$274
Home Insurance
10%
$214
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0