This property looks like a bad Long-Term investment with a projected -23.8% first-year return on $129k initial cash invested.
-23.8%
Cash On Cash
2.01%
Cap Rate
0.29
DSCR
$2,081
Rent
-$2,560
Cashflow
Cash Flow
$2,081 income − $4,641 expenses = $2,560 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,081
Total Expenses
$4,641
Mortgage P&I
167%
$3,483
Property Taxes
19%
$390
Home Insurance
11%
$227
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0