This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $128k initial cash invested.
-13.66%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$2,763
Rent
-$1,455
Cashflow
Cash Flow
$2,763 income − $4,218 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,763
Total Expenses
$4,218
Mortgage P&I
112%
$3,090
Property Taxes
7%
$188
Home Insurance
8%
$222
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0