This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $128k initial cash invested.
-17.92%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$2,992
Rent
-$1,910
Cashflow
Cash Flow
$2,992 income − $4,902 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,992
Total Expenses
$4,902
Mortgage P&I
110%
$3,302
Property Taxes
20%
$604
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0