This property looks like a bad Long-Term investment with a projected -16.72% first-year return on $129k initial cash invested.
-16.72%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$3,495
Rent
-$1,802
Cashflow
Cash Flow
$3,495 income − $5,297 expenses = $1,802 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,495
Total Expenses
$5,297
Mortgage P&I
97%
$3,379
Property Taxes
22%
$786
Home Insurance
6%
$222
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0