This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $128k initial cash invested.
-19.49%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,650
Rent
-$2,072
Cashflow
Cash Flow
$2,650 income − $4,722 expenses = $2,072 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$4,722
Mortgage P&I
125%
$3,312
Property Taxes
19%
$503
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0