This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $129k initial cash invested.
-14.78%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$3,780
Rent
-$1,588
Cashflow
Cash Flow
$3,780 income − $5,368 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,780
Total Expenses
$5,368
Mortgage P&I
86%
$3,249
Property Taxes
24%
$925
Home Insurance
6%
$211
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0