This property looks like a bad Long-Term investment with a projected -18.51% first-year return on $129k initial cash invested.
-18.51%
Cash On Cash
2.56%
Cap Rate
0.41
DSCR
$2,445
Rent
-$1,993
Cashflow
Cash Flow
$2,445 income − $4,438 expenses = $1,993 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%
$6,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,445
Total Expenses
$4,438
Mortgage P&I
130%
$3,182
Property Taxes
16%
$402
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0