This property looks like a bad Long-Term investment with a projected -20.02% first-year return on $129k initial cash invested.
-20.02%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$3,296
Rent
-$2,151
Cashflow
Cash Flow
$3,296 income − $5,447 expenses = $2,151 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,296
Total Expenses
$5,447
Mortgage P&I
102%
$3,371
Property Taxes
25%
$838
Home Insurance
12%
$380
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0