This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $129k initial cash invested.
-11.99%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$3,566
Rent
-$1,288
Cashflow
Cash Flow
$3,566 income − $4,854 expenses = $1,288 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,566
Total Expenses
$4,854
Mortgage P&I
94%
$3,351
Property Taxes
10%
$341
Home Insurance
6%
$215
HOA
1%
$20
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0