This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $129k initial cash invested.
-15.58%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$3,096
Rent
-$1,678
Cashflow
Cash Flow
$3,096 income − $4,774 expenses = $1,678 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%
$6,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,096
Total Expenses
$4,774
Mortgage P&I
103%
$3,176
Property Taxes
19%
$575
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0