This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $129k initial cash invested.
-18.21%
Cash On Cash
3.22%
Cap Rate
0.48
DSCR
$3,053
Rent
-$1,961
Cashflow
Cash Flow
$3,053 income − $5,014 expenses = $1,961 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,053
Total Expenses
$5,014
Mortgage P&I
113%
$3,461
Property Taxes
10%
$291
Home Insurance
7%
$219
HOA
8%
$249
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0