This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $128k initial cash invested.
-17.78%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$2,676
Rent
-$1,900
Cashflow
Cash Flow
$2,676 income − $4,576 expenses = $1,900 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,105
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$4,576
Mortgage P&I
115%
$3,090
Property Taxes
21%
$558
Home Insurance
8%
$227
HOA
0%
$4
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0