This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $129k initial cash invested.
-12.64%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$3,329
Rent
-$1,355
Cashflow
Cash Flow
$3,329 income − $4,684 expenses = $1,355 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%
$6,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,329
Total Expenses
$4,684
Mortgage P&I
94%
$3,124
Property Taxes
15%
$503
Home Insurance
6%
$192
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0