This property looks like a bad Long-Term investment with a projected -16.68% first-year return on $129k initial cash invested.
-16.68%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$3,184
Rent
-$1,800
Cashflow
Cash Flow
$3,184 income − $4,984 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,166
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,184
Total Expenses
$4,984
Mortgage P&I
107%
$3,409
Property Taxes
17%
$531
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0