This property looks like a bad Long-Term investment with a projected -16.11% first-year return on $128k initial cash invested.
-16.11%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$2,370
Rent
-$1,724
Cashflow
Cash Flow
$2,370 income − $4,094 expenses = $1,724 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,115
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,370
Total Expenses
$4,094
Mortgage P&I
131%
$3,101
Property Taxes
5%
$116
Home Insurance
11%
$262
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0