This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $129k initial cash invested.
-15.5%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$3,029
Rent
-$1,662
Cashflow
Cash Flow
$3,029 income − $4,691 expenses = $1,662 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,029
Total Expenses
$4,691
Mortgage P&I
103%
$3,119
Property Taxes
14%
$412
Home Insurance
7%
$217
HOA
5%
$156
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0