This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $129k initial cash invested.
-13.58%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$3,330
Rent
-$1,463
Cashflow
Cash Flow
$3,330 income − $4,793 expenses = $1,463 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,330
Total Expenses
$4,793
Mortgage P&I
95%
$3,172
Property Taxes
16%
$537
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0