This property looks like a bad Long-Term investment with a projected -15.04% first-year return on $129k initial cash invested.
-15.04%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$2,830
Rent
-$1,622
Cashflow
Cash Flow
$2,830 income − $4,452 expenses = $1,622 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$4,452
Mortgage P&I
116%
$3,287
Property Taxes
8%
$236
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0