This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $128k initial cash invested.
-12.19%
Cash On Cash
3.84%
Cap Rate
0.63
DSCR
$3,173
Rent
-$1,301
Cashflow
Cash Flow
$3,173 income − $4,474 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,173
Total Expenses
$4,474
Mortgage P&I
98%
$3,095
Property Taxes
11%
$340
Home Insurance
7%
$214
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$159
Vacancy
6%
$190
Maintenance
5%
$159
Other
0%
$0