This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $129k initial cash invested.
-19.61%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$3,525
Rent
-$2,116
Cashflow
Cash Flow
$3,525 income − $5,641 expenses = $2,116 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,525
Total Expenses
$5,641
Mortgage P&I
98%
$3,438
Property Taxes
30%
$1,068
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0