This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $128k initial cash invested.
-24.14%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$2,584
Rent
-$2,577
Cashflow
Cash Flow
$2,584 income − $5,161 expenses = $2,577 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,584
Total Expenses
$5,161
Mortgage P&I
129%
$3,333
Property Taxes
36%
$943
Home Insurance
8%
$214
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0