This property looks like a bad Long-Term investment with a projected -25.47% first-year return on $129k initial cash invested.
-25.47%
Cash On Cash
0.94%
Cap Rate
0.15
DSCR
$1,631
Rent
-$2,746
Cashflow
Cash Flow
$1,631 income − $4,377 expenses = $2,746 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,631
Total Expenses
$4,377
Mortgage P&I
193%
$3,144
Property Taxes
36%
$580
Home Insurance
14%
$228
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0