This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $128k initial cash invested.
-11.03%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$4,080
Rent
-$1,175
Cashflow
Cash Flow
$4,080 income − $5,255 expenses = $1,175 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,080
Total Expenses
$5,255
Mortgage P&I
82%
$3,344
Property Taxes
16%
$637
Home Insurance
5%
$213
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0