This property looks like a bad Long-Term investment with a projected -24.91% first-year return on $129k initial cash invested.
-24.91%
Cash On Cash
1.77%
Cap Rate
0.26
DSCR
$1,965
Rent
-$2,670
Cashflow
Cash Flow
$1,965 income − $4,635 expenses = $2,670 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,965
Total Expenses
$4,635
Mortgage P&I
177%
$3,476
Property Taxes
21%
$422
Home Insurance
12%
$227
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0