This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $129k initial cash invested.
-13.1%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$3,557
Rent
-$1,405
Cashflow
Cash Flow
$3,557 income − $4,962 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,557
Total Expenses
$4,962
Mortgage P&I
93%
$3,322
Property Taxes
14%
$498
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0