This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $129k initial cash invested.
-15.44%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$3,203
Rent
-$1,658
Cashflow
Cash Flow
$3,203 income − $4,861 expenses = $1,658 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,203
Total Expenses
$4,861
Mortgage P&I
104%
$3,339
Property Taxes
15%
$480
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0