This property looks like a bad Long-Term investment with a projected -17.21% first-year return on $129k initial cash invested.
-17.21%
Cash On Cash
2.71%
Cap Rate
0.45
DSCR
$2,648
Rent
-$1,856
Cashflow
Cash Flow
$2,648 income − $4,504 expenses = $1,856 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,648
Total Expenses
$4,504
Mortgage P&I
118%
$3,114
Property Taxes
18%
$474
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0