This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $128k initial cash invested.
-19.04%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$2,530
Rent
-$2,032
Cashflow
Cash Flow
$2,530 income − $4,562 expenses = $2,032 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,530
Total Expenses
$4,562
Mortgage P&I
128%
$3,234
Property Taxes
18%
$457
Home Insurance
8%
$214
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0