This property looks like a bad Long-Term investment with a projected -17.74% first-year return on $129k initial cash invested.
-17.74%
Cash On Cash
2.94%
Cap Rate
0.46
DSCR
$2,638
Rent
-$1,904
Cashflow
Cash Flow
$2,638 income − $4,542 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,132
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,638
Total Expenses
$4,542
Mortgage P&I
124%
$3,272
Property Taxes
14%
$362
Home Insurance
8%
$222
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0