This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $128k initial cash invested.
-19.24%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$2,969
Rent
-$2,051
Cashflow
Cash Flow
$2,969 income − $5,020 expenses = $2,051 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,969
Total Expenses
$5,020
Mortgage P&I
111%
$3,307
Property Taxes
24%
$722
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0