This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $128k initial cash invested.
-18.76%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$2,791
Rent
-$2,001
Cashflow
Cash Flow
$2,791 income − $4,792 expenses = $2,001 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,094
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,791
Total Expenses
$4,792
Mortgage P&I
116%
$3,250
Property Taxes
21%
$599
Home Insurance
8%
$217
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$167
Maintenance
5%
$140
Other
0%
$0