This property looks like a bad Long-Term investment with a projected -20.58% first-year return on $128k initial cash invested.
-20.58%
Cash On Cash
2.55%
Cap Rate
0.38
DSCR
$2,466
Rent
-$2,197
Cashflow
Cash Flow
$2,466 income − $4,663 expenses = $2,197 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,466
Total Expenses
$4,663
Mortgage P&I
137%
$3,370
Property Taxes
17%
$428
Home Insurance
9%
$224
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0