This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $128k initial cash invested.
-14.78%
Cash On Cash
3.56%
Cap Rate
0.56
DSCR
$3,162
Rent
-$1,580
Cashflow
Cash Flow
$3,162 income − $4,742 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,162
Total Expenses
$4,742
Mortgage P&I
102%
$3,235
Property Taxes
12%
$387
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0