This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $129k initial cash invested.
-13.91%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$3,420
Rent
-$1,497
Cashflow
Cash Flow
$3,420 income − $4,917 expenses = $1,497 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,420
Total Expenses
$4,917
Mortgage P&I
95%
$3,264
Property Taxes
16%
$547
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0