This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $128k initial cash invested.
-17.62%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$3,527
Rent
-$1,883
Cashflow
Cash Flow
$3,527 income − $5,410 expenses = $1,883 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,106
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,527
Total Expenses
$5,410
Mortgage P&I
94%
$3,309
Property Taxes
18%
$646
Home Insurance
6%
$228
HOA
9%
$310
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0