This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $128k initial cash invested.
-15.58%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,883
Rent
-$1,664
Cashflow
Cash Flow
$2,883 income − $4,547 expenses = $1,664 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,883
Total Expenses
$4,547
Mortgage P&I
113%
$3,262
Property Taxes
12%
$336
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0