This property looks like a bad Long-Term investment with a projected -22.12% first-year return on $129k initial cash invested.
-22.12%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,593
Rent
-$2,375
Cashflow
Cash Flow
$2,593 income − $4,968 expenses = $2,375 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,136
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,593
Total Expenses
$4,968
Mortgage P&I
129%
$3,344
Property Taxes
7%
$180
Home Insurance
8%
$220
HOA
21%
$549
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0