This property looks like a bad Long-Term investment with a projected -21.52% first-year return on $128k initial cash invested.
-21.52%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$2,352
Rent
-$2,294
Cashflow
Cash Flow
$2,352 income − $4,646 expenses = $2,294 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,352
Total Expenses
$4,646
Mortgage P&I
142%
$3,337
Property Taxes
17%
$408
Home Insurance
9%
$219
HOA
3%
$70
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0