This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $129k initial cash invested.
-16.91%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$3,029
Rent
-$1,816
Cashflow
Cash Flow
$3,029 income − $4,845 expenses = $1,816 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,029
Total Expenses
$4,845
Mortgage P&I
108%
$3,280
Property Taxes
19%
$561
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0