This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $128k initial cash invested.
-19.39%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$2,932
Rent
-$2,067
Cashflow
Cash Flow
$2,932 income − $4,999 expenses = $2,067 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,932
Total Expenses
$4,999
Mortgage P&I
115%
$3,367
Property Taxes
22%
$656
Home Insurance
7%
$213
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0