This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $129k initial cash invested.
-13.22%
Cash On Cash
3.55%
Cap Rate
0.59
DSCR
$2,643
Rent
-$1,423
Cashflow
Cash Flow
$2,643 income − $4,066 expenses = $1,423 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,643
Total Expenses
$4,066
Mortgage P&I
118%
$3,112
Property Taxes
1%
$32
Home Insurance
8%
$215
HOA
1%
$20
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0