This property looks like a bad Long-Term investment with a projected -24.98% first-year return on $128k initial cash invested.
-24.98%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$1,141
Rent
-$2,671
Cashflow
Cash Flow
$1,141 income − $3,812 expenses = $2,671 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,141
Total Expenses
$3,812
Mortgage P&I
274%
$3,122
Property Taxes
15%
$175
Home Insurance
19%
$219
HOA
0%
$0
Property Management
10%
$114
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0