This property looks like a bad Long-Term investment with a projected -22.69% first-year return on $129k initial cash invested.
-22.69%
Cash On Cash
1.57%
Cap Rate
0.25
DSCR
$1,602
Rent
-$2,435
Cashflow
Cash Flow
$1,602 income − $4,037 expenses = $2,435 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,602
Total Expenses
$4,037
Mortgage P&I
197%
$3,155
Property Taxes
15%
$240
Home Insurance
14%
$226
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0