This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $129k initial cash invested.
-11.6%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$3,220
Rent
-$1,248
Cashflow
Cash Flow
$3,220 income − $4,468 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,220
Total Expenses
$4,468
Mortgage P&I
106%
$3,404
Property Taxes
0%
$12
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0