This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $128k initial cash invested.
-13.98%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$3,969
Rent
-$1,496
Cashflow
Cash Flow
$3,969 income − $5,465 expenses = $1,496 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,969
Total Expenses
$5,465
Mortgage P&I
84%
$3,345
Property Taxes
22%
$872
Home Insurance
5%
$217
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0