This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $128k initial cash invested.
-15.9%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$2,823
Rent
-$1,702
Cashflow
Cash Flow
$2,823 income − $4,525 expenses = $1,702 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,118
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,823
Total Expenses
$4,525
Mortgage P&I
117%
$3,306
Property Taxes
10%
$276
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0