This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $128k initial cash invested.
-16.48%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$3,264
Rent
-$1,757
Cashflow
Cash Flow
$3,264 income − $5,021 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,091
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,264
Total Expenses
$5,021
Mortgage P&I
104%
$3,383
Property Taxes
16%
$507
Home Insurance
7%
$220
HOA
2%
$63
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0