This property looks like a bad Long-Term investment with a projected -20.5% first-year return on $128k initial cash invested.
-20.5%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$2,830
Rent
-$2,194
Cashflow
Cash Flow
$2,830 income − $5,024 expenses = $2,194 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,116
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$5,024
Mortgage P&I
118%
$3,332
Property Taxes
26%
$737
Home Insurance
8%
$218
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0