This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $129k initial cash invested.
-18.36%
Cash On Cash
2.68%
Cap Rate
0.43
DSCR
$2,701
Rent
-$1,970
Cashflow
Cash Flow
$2,701 income − $4,671 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,701
Total Expenses
$4,671
Mortgage P&I
119%
$3,207
Property Taxes
20%
$545
Home Insurance
8%
$217
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0