This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $129k initial cash invested.
-13.42%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$3,650
Rent
-$1,444
Cashflow
Cash Flow
$3,650 income − $5,094 expenses = $1,444 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,650
Total Expenses
$5,094
Mortgage P&I
91%
$3,326
Property Taxes
17%
$605
Home Insurance
6%
$215
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0