This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $128k initial cash invested.
-10.71%
Cash On Cash
4.46%
Cap Rate
0.7
DSCR
$3,622
Rent
-$1,139
Cashflow
Cash Flow
$3,622 income − $4,761 expenses = $1,139 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,076
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,622
Total Expenses
$4,761
Mortgage P&I
89%
$3,216
Property Taxes
11%
$385
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0