This property looks like a bad Long-Term investment with a projected -19.62% first-year return on $128k initial cash invested.
-19.62%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$3,346
Rent
-$2,099
Cashflow
Cash Flow
$3,346 income − $5,445 expenses = $2,099 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,346
Total Expenses
$5,445
Mortgage P&I
102%
$3,424
Property Taxes
27%
$919
Home Insurance
7%
$219
HOA
0%
$13
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0