This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $129k initial cash invested.
-21.04%
Cash On Cash
2.25%
Cap Rate
0.35
DSCR
$2,253
Rent
-$2,257
Cashflow
Cash Flow
$2,253 income − $4,510 expenses = $2,257 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,253
Total Expenses
$4,510
Mortgage P&I
146%
$3,294
Property Taxes
18%
$411
Home Insurance
10%
$219
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0