This property looks like a bad Long-Term investment with a projected -18.52% first-year return on $129k initial cash invested.
-18.52%
Cash On Cash
3.15%
Cap Rate
0.47
DSCR
$3,351
Rent
-$1,994
Cashflow
Cash Flow
$3,351 income − $5,345 expenses = $1,994 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,351
Total Expenses
$5,345
Mortgage P&I
103%
$3,441
Property Taxes
24%
$815
Home Insurance
6%
$217
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0