This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $128k initial cash invested.
-13.26%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$3,102
Rent
-$1,413
Cashflow
Cash Flow
$3,102 income − $4,515 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,102
Total Expenses
$4,515
Mortgage P&I
105%
$3,250
Property Taxes
7%
$204
Home Insurance
7%
$213
HOA
1%
$42
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0