This property looks like a bad Long-Term investment with a projected -24.82% first-year return on $128k initial cash invested.
-24.82%
Cash On Cash
1.45%
Cap Rate
0.22
DSCR
$1,549
Rent
-$2,648
Cashflow
Cash Flow
$1,549 income − $4,197 expenses = $2,648 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,097
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,549
Total Expenses
$4,197
Mortgage P&I
214%
$3,310
Property Taxes
17%
$261
Home Insurance
14%
$224
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0