This property looks like a bad Long-Term investment with a projected -18% first-year return on $128k initial cash invested.
-18%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$3,056
Rent
-$1,914
Cashflow
Cash Flow
$3,056 income − $4,970 expenses = $1,914 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,056
Total Expenses
$4,970
Mortgage P&I
107%
$3,281
Property Taxes
18%
$544
Home Insurance
7%
$214
HOA
4%
$136
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0