This property looks like a bad Long-Term investment with a projected -21.54% first-year return on $129k initial cash invested.
-21.54%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$1,957
Rent
-$2,318
Cashflow
Cash Flow
$1,957 income − $4,275 expenses = $2,318 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,957
Total Expenses
$4,275
Mortgage P&I
162%
$3,164
Property Taxes
20%
$387
Home Insurance
11%
$215
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0