This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $128k initial cash invested.
-14.75%
Cash On Cash
3.68%
Cap Rate
0.57
DSCR
$3,223
Rent
-$1,578
Cashflow
Cash Flow
$3,223 income − $4,801 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,113
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,223
Total Expenses
$4,801
Mortgage P&I
102%
$3,290
Property Taxes
10%
$334
Home Insurance
7%
$219
HOA
4%
$121
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0