This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $129k initial cash invested.
-12.91%
Cash On Cash
4.02%
Cap Rate
0.63
DSCR
$3,417
Rent
-$1,385
Cashflow
Cash Flow
$3,417 income − $4,802 expenses = $1,385 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,417
Total Expenses
$4,802
Mortgage P&I
96%
$3,269
Property Taxes
12%
$416
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0