This property looks like a bad Long-Term investment with a projected -18.71% first-year return on $128k initial cash invested.
-18.71%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,871
Rent
-$1,998
Cashflow
Cash Flow
$2,871 income − $4,869 expenses = $1,998 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,102
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,871
Total Expenses
$4,869
Mortgage P&I
116%
$3,318
Property Taxes
16%
$445
Home Insurance
8%
$228
HOA
5%
$131
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0