This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $128k initial cash invested.
-11.31%
Cash On Cash
4.33%
Cap Rate
0.68
DSCR
$3,845
Rent
-$1,207
Cashflow
Cash Flow
$3,845 income − $5,052 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,845
Total Expenses
$5,052
Mortgage P&I
84%
$3,218
Property Taxes
15%
$578
Home Insurance
6%
$214
HOA
1%
$43
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0