This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $128k initial cash invested.
-17.04%
Cash On Cash
2.6%
Cap Rate
0.44
DSCR
$2,504
Rent
-$1,814
Cashflow
Cash Flow
$2,504 income − $4,318 expenses = $1,814 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,504
Total Expenses
$4,318
Mortgage P&I
120%
$3,008
Property Taxes
17%
$428
Home Insurance
9%
$224
HOA
0%
$8
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0