This property looks like a bad Long-Term investment with a projected -17.18% first-year return on $128k initial cash invested.
-17.18%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,223
Rent
-$1,838
Cashflow
Cash Flow
$3,223 income − $5,061 expenses = $1,838 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,114
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,223
Total Expenses
$5,061
Mortgage P&I
104%
$3,365
Property Taxes
19%
$625
Home Insurance
7%
$234
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0