This property looks like a bad Long-Term investment with a projected -30.18% first-year return on $128k initial cash invested.
-30.18%
Cash On Cash
0.68%
Cap Rate
0.1
DSCR
$2,579
Rent
-$3,213
Cashflow
Cash Flow
$2,579 income − $5,792 expenses = $3,213 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,579
Total Expenses
$5,792
Mortgage P&I
133%
$3,427
Property Taxes
57%
$1,472
Home Insurance
9%
$222
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0