This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $128k initial cash invested.
-12.55%
Cash On Cash
3.91%
Cap Rate
0.63
DSCR
$3,480
Rent
-$1,339
Cashflow
Cash Flow
$3,480 income − $4,819 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,095
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,480
Total Expenses
$4,819
Mortgage P&I
91%
$3,152
Property Taxes
16%
$545
Home Insurance
6%
$210
HOA
0%
$7
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0