This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $129k initial cash invested.
-19.72%
Cash On Cash
2.05%
Cap Rate
0.34
DSCR
$2,036
Rent
-$2,124
Cashflow
Cash Flow
$2,036 income − $4,160 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,036
Total Expenses
$4,160
Mortgage P&I
151%
$3,072
Property Taxes
17%
$339
Home Insurance
11%
$219
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0