This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $128k initial cash invested.
-16.7%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,846
Rent
-$1,782
Cashflow
Cash Flow
$2,846 income − $4,628 expenses = $1,782 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,846
Total Expenses
$4,628
Mortgage P&I
116%
$3,291
Property Taxes
13%
$375
Home Insurance
8%
$222
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0