This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $129k initial cash invested.
-12.75%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$3,614
Rent
-$1,370
Cashflow
Cash Flow
$3,614 income − $4,984 expenses = $1,370 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,614
Total Expenses
$4,984
Mortgage P&I
90%
$3,249
Property Taxes
16%
$576
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0