This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $129k initial cash invested.
-16.81%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$3,241
Rent
-$1,807
Cashflow
Cash Flow
$3,241 income − $5,048 expenses = $1,807 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,241
Total Expenses
$5,048
Mortgage P&I
102%
$3,300
Property Taxes
21%
$696
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0