This property looks like a bad Long-Term investment with a projected -24.62% first-year return on $129k initial cash invested.
-24.62%
Cash On Cash
1.13%
Cap Rate
0.18
DSCR
$2,132
Rent
-$2,651
Cashflow
Cash Flow
$2,132 income − $4,783 expenses = $2,651 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,132
Total Expenses
$4,783
Mortgage P&I
146%
$3,121
Property Taxes
41%
$883
Home Insurance
11%
$224
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0