This property looks like a bad Long-Term investment with a projected -17.26% first-year return on $129k initial cash invested.
-17.26%
Cash On Cash
3.07%
Cap Rate
0.48
DSCR
$2,390
Rent
-$1,849
Cashflow
Cash Flow
$2,390 income − $4,239 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$122k
Closing costs
1%
$6,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,390
Total Expenses
$4,239
Mortgage P&I
138%
$3,297
Property Taxes
4%
$93
Home Insurance
10%
$227
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0