This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $129k initial cash invested.
-18.31%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$2,542
Rent
-$1,972
Cashflow
Cash Flow
$2,542 income − $4,514 expenses = $1,972 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,542
Total Expenses
$4,514
Mortgage P&I
135%
$3,421
Property Taxes
8%
$202
Home Insurance
9%
$224
HOA
0%
$6
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0