This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $128k initial cash invested.
-16.17%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$3,249
Rent
-$1,722
Cashflow
Cash Flow
$3,249 income − $4,971 expenses = $1,722 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%
$6,087
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,249
Total Expenses
$4,971
Mortgage P&I
102%
$3,305
Property Taxes
19%
$614
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0