This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $129k initial cash invested.
-14.63%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$2,572
Rent
-$1,573
Cashflow
Cash Flow
$2,572 income − $4,145 expenses = $1,573 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,145
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,572
Total Expenses
$4,145
Mortgage P&I
120%
$3,090
Property Taxes
6%
$164
Home Insurance
9%
$222
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0