This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $129k initial cash invested.
-17.71%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$3,044
Rent
-$1,906
Cashflow
Cash Flow
$3,044 income − $4,950 expenses = $1,906 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,044
Total Expenses
$4,950
Mortgage P&I
110%
$3,339
Property Taxes
20%
$605
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0